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    Property profile & analytics
    OFF-MARKET Estimated value $31,210,000
    Warehouses

    2975 Andrew Jackson NE Hwy 1, Leland, NC 28451-9830

    501,800 SF 29.02 ac lot Built 1974
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US53-1549127
    Property summary
    AI-generated overview

    This exceptional sublease opportunity presents 100,000 square feet of warehouse and distribution space within the Edgewater Commerce Center in Brunswick County. The space boasts a single-story design with 24-foot ceilings, providing ample room for efficient storage and operations. Six loading docks and one drive-in door ensure smooth and efficient loading and unloading processes. The suite also includes approximately 1,200 square feet of office space with restrooms, conveniently located at the entrance. This sublease offers a below-market rent and the landlord is open to long-term lease options following the sublease expiration. The property benefits from a prime location with easy access to major transportation arteries, including US-74/76, I-40, US-17, and the Port of Wilmington, facilitating seamless supply chain management. Furthermore, a brand-new roof is scheduled for installation in 2024, ensuring long-term building integrity and protection. The entire Edgewater Commerce Center encompasses 505,818 square feet, and this sublease is part of a multi-tenant building. This is an ideal space for businesses requiring efficient storage, logistics, and distribution capabilities, offering a cost-effective solution in a strategic location. The previous tenant, Kessebohmer Retail Merchandising USA, Inc., has relocated, making this space immediately available.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1974
    Total area 501,800 SF
    Lot 29.02 ac (1,264,111 SF)
    Zoning code CI
    APN 210007101
    UPID US53-1549127
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $31.15M
    Blend (final) Blend
    $31.21M
    Owner & transaction history
    2975 Partners LLC · 7 yrs held
    2975 Partners LLC
    since 2019
    5 recorded transactions
    2019
    2019
    2019
    $7.1M
    2007
    $7.9M
    2007
    Zoning & alternative use
    CI · Leland, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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