Property summary
This exceptional 24,000-square-foot industrial flex warehouse in Indian Trail, North Carolina, presents a compelling owner-user opportunity. Located at 131 Business Park Dr, 28079, this single-tenant property boasts a 100% occupancy rate with a lease expiring September 30, 2026, offering approximately 1.9 years of remaining lease term. The building, constructed in 1994 and renovated in 2001, features an all-brick exterior and is offered below replacement cost. The functional space is divided into 27% office and 73% warehouse, with a desirable 16.5-foot ceiling height. Four loading docks facilitate efficient operations. The property sits on a 1.84-acre lot and includes 27 parking spaces. The asking price is $2,825,000, representing a compelling $117.71 per square foot and a 5.25% capitalization rate based on a Net Operating Income (NOI) of $148,399. The property is zoned GBD and benefits from its proximity to I-485 and Highway 74 Bypass, providing excellent access to major transportation arteries. Union County's low vacancy rate of 1.2% and significant rent growth (over 37% in the previous three years) underscore the strong market fundamentals. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a thriving location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GBD INDIAN TRAIL · Indian Trail, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for GBD INDIAN TRAIL in Indian Trail, NC.
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