Investment Overview

Register to Bid and Access Due Diligence Documents on RealInsight Marketplace: https://rimarketplace.com/auction/2837 Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, freestanding industrial property located at 458 Whitfield Street in Fayetteville, North Carolina 28301 (the “Property”). This asset offers a rare opportunity for investors or owner-users to reposition a well-located site in a transitioning urban-industrial corridor with immediate proximity to downtown Fayetteville and major transportation routes. Located less than 2 miles from downtown Fayetteville, the Property offers easy access to I-95, I-87, and Grannis Field Regional Airport (FAY), making it well positioned for last-mile users and regional service providers. The surrounding area is characterized by a mix of warehouse users, light industrial operators, and small business facilities. Situated on a ±18-acre parcel, the Property consists of an industrial complex totaling approximately 183,838 SF (buyer to verify). The building features masonry construction and is zoned HI – Heavy Industrial, allowing for a wide variety of industrial and commercial uses including heavy manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other large scale uses. The building was originally constructed as the headquarters and printing facility for the Fayetteville Observer Newspaper; it has since been repurposed into one of the largest Class B infill industrial assets in that market with recent configuration to accommodate multiple tenants. This campus facility is equipped with onsite infrastructure including cooling towers, diesel back-up generator, rail spur and configured with 12 dock doors, 2 rail dock doors, and clear heights up to 26’ (press hall ceiling 52’). With partial occupancy there's an immediate upside through re-tenanting the available warehouse and distribution space. The Property presents a compelling value-add opportunity in one of Fayetteville’s most accessible, infill, corridors. Fayetteville is the economic center of southeastern North Carolina and one of the state’s most strategically important logistics and defense markets with this facility located less than 20 minutes from Fort Bragg, the largest US Army military base (based on population). The city benefits from robust military-related infrastructure, a large and diverse labor pool, and ongoing investments in transportation and utility infrastructure. As demand for urban industrial space continues to rise, 458 Whitfield Street represents a unique opportunity to acquire flexible, infill industrial real estate in a path-of-growth.