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Net Lease

Custom Metal Products Manufacturing Facility | Long Term Absolute Net Industrial w/ Annual Increases

150 Division Dr, Wilmington, NC 28401

Listing Price: $8,124,833

Cap Rate
6.75%
Gross SF
116,000
Price/Gross SF
$70.04
Lot Size
8.50 acres
Year Built
1969
Rentable SF
116,000

Investment Overview

Wilmington is a port city in and the county seat of New Hanover County in coastal southeastern North Carolina. With a population of 115,955 at the time of the 2020 United States Census, it is the eighth most populous city in the state. Wilmington is the principal city of the Wilmington Metropolitan Statistical Area, a metropolitan area that includes New Hanover and Pender counties in southeastern North Carolina, which has a population of 301,284 as of the 2020 Census. Its historic downtown has a 1.75-mile Riverwalk, developed as a tourist attraction in the late 20th century. In 2014, Wilmington’s riverfront was ranked as the “Best American Riverfront” by readers of USA Today. The National Trust for Historic Preservation selected Wilmington as one of its 2008 Dozen Distinctive Destinations. City residents live between the river and the ocean, with four nearby beach communities just outside Wilmington: Fort Fisher, Wrightsville Beach, Carolina Beach and Kure Beach, all within half-hour drives from downtown Wilmington. The city is home to University of North Carolina Wilmington (UNCW), which provides a wide variety of programs for undergraduates, graduate students, and adult learners, in addition to cultural and sports events open to the community. Wilmington’s industrial base includes electrical, medical, electronic and telecommunications equipment; clothing and apparel; food processing; paper products; nuclear fuel; and pharmaceuticals. Wilmington is part of North Carolina’s Research coast, adjacent to the Research Triangle Park in Durham, NC

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 2.5% Annual Increases Throughout the Initial Term and Options. 20+ Year Historical Occupancy.
  • Positioned Along Area's Major Industrial & Manufacturing Corridor. Features Easy Access & Excellent Visibility. Immediate Access to NC-133, US-74 and located within Minutes from I-40 & I-140.
  • Densely Populated Area: Features more than 104k People Residing within a 5-Mile Radius. Wilmington is one of the Fastest Growing Cities in the Nation.
  • Location Utilized as an Office and Manufacturing Facility and is Essential to Custom Metal Products's Day-to-Day Operations, and its Close Proximity to Ports, Supply Hubs, Distribution Bases, and Customer Markets is very Crucial.
  • In Close Proximity to the Port of Wilmington - the Fastest Growing Port in the Country. The Port is becoming a Major Player in the Growing Supply and Demand Chain.
  • The Site is Located within Northwest Wilmington's Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Walking Distance from Wilmington International Airport - Its Location on the Coast, halfway between NYC and Miami, makes it a Desirable Entry Point to the U.S. (934k+ Annual Passengers).
  • Since it was founded in 2003, the Company Continues to Improve upon existing Manufacturing Techniques and Integrate new Technologies in order to create even better Products. With an Overhead Conveyor & Paint Line, 2 CNC Punching Lines and an Automated Laser with Steel Storage Tower, CMP is able to provide the highest Level of Service for their steadily increasing number of Customers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Net Lease

Custom Metal Products Manufacturing Facility | Long Term Absolute Net Industrial w/ Annual Increases

Listing Price: $8,124,833

Cap Rate
6.75%
Gross SF
116,000
Price/Gross SF
$70.04
Lot Size
8.50 acres
Year Built
1969
Rentable SF
116,000

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 2.5% Annual Increases Throughout the Initial Term and Options. 20+ Year Historical Occupancy.
  • Positioned Along Area's Major Industrial & Manufacturing Corridor. Features Easy Access & Excellent Visibility. Immediate Access to NC-133, US-74 and located within Minutes from I-40 & I-140.
  • Densely Populated Area: Features more than 104k People Residing within a 5-Mile Radius. Wilmington is one of the Fastest Growing Cities in the Nation.
  • Location Utilized as an Office and Manufacturing Facility and is Essential to Custom Metal Products's Day-to-Day Operations, and its Close Proximity to Ports, Supply Hubs, Distribution Bases, and Customer Markets is very Crucial.
  • In Close Proximity to the Port of Wilmington - the Fastest Growing Port in the Country. The Port is becoming a Major Player in the Growing Supply and Demand Chain.
  • The Site is Located within Northwest Wilmington's Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Walking Distance from Wilmington International Airport - Its Location on the Coast, halfway between NYC and Miami, makes it a Desirable Entry Point to the U.S. (934k+ Annual Passengers).
  • Since it was founded in 2003, the Company Continues to Improve upon existing Manufacturing Techniques and Integrate new Technologies in order to create even better Products. With an Overhead Conveyor & Paint Line, 2 CNC Punching Lines and an Automated Laser with Steel Storage Tower, CMP is able to provide the highest Level of Service for their steadily increasing number of Customers.

Investment Overview

Wilmington is a port city in and the county seat of New Hanover County in coastal southeastern North Carolina. With a population of 115,955 at the time of the 2020 United States Census, it is the eighth most populous city in the state. Wilmington is the principal city of the Wilmington Metropolitan Statistical Area, a metropolitan area that includes New Hanover and Pender counties in southeastern North Carolina, which has a population of 301,284 as of the 2020 Census. Its historic downtown has a 1.75-mile Riverwalk, developed as a tourist attraction in the late 20th century. In 2014, Wilmington’s riverfront was ranked as the “Best American Riverfront” by readers of USA Today. The National Trust for Historic Preservation selected Wilmington as one of its 2008 Dozen Distinctive Destinations. City residents live between the river and the ocean, with four nearby beach communities just outside Wilmington: Fort Fisher, Wrightsville Beach, Carolina Beach and Kure Beach, all within half-hour drives from downtown Wilmington. The city is home to University of North Carolina Wilmington (UNCW), which provides a wide variety of programs for undergraduates, graduate students, and adult learners, in addition to cultural and sports events open to the community. Wilmington’s industrial base includes electrical, medical, electronic and telecommunications equipment; clothing and apparel; food processing; paper products; nuclear fuel; and pharmaceuticals. Wilmington is part of North Carolina’s Research coast, adjacent to the Research Triangle Park in Durham, NC

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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