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Single-Tenant Industrial

Airpark Corporation Center

1801 Frank Holt Dr, Burlington, NC 27215

Listing Price: $1,450,000

Cap Rate
6.45%
Gross SF
27,360
Price/Gross SF
$53.00
Lot Size
5.16 acres
Year Built
1992
Rentable SF
27,360

Investment Overview

Marcus & Millichap is pleased to present a single tenant NNN industrial property located 40 minutes west of Research Triangle Park (RTP) Raleigh Durham MSA and 30 minutes west of Greensboro along the I-40 /I-85 industrial, manufacturing, high tech corridor. The Piedmont Triad and Research Triangle regions are developing quickly and much of this development is dependent on the trucking, warehousing and transportation businesses. The building has been well maintained. In 2019 and 2020 repairs were made to the gutters, overhead doors, roof, and stairway. In 2018 repairs were made to the parking lot. The A/C and sprinklers were repaired in 2016.

Investment Highlights

  • The Airpark Corporation Center at 1801 Frank Holt Drive, Burlington, NC 27215 is a 27,360 square foot industrial type 4 clear span steel warehouse located on 5.16 acres and built in 1992.
  • The property boasts an excellent location with easy access to I40 , I85 and Piedmont Triad International Airport as well as the Burlington Alamance Regional Airport. The property has 6 loading bays.
  • Located in a thriving and low vacancy industrial park. Other tenants of the park include manufacturing, warehousing and trucking companies.
  • Landlord responsible for roof and structure. Tenant is responsible for all other. Lease is NNN. Current rents are below market. Tenant has occupied the 27,630 sf space since May of 2016. Approximately 12% of the building is office space.
  • The tenant is New World Van Lines which operates as a transportation and warehousing company with services including corporate relocation, logistics management, and storage. They were founded in 1919, operate in the lower 48 states with 18 locations and remain family owned and operated.

Exclusively Listed By

Single-Tenant Industrial

Airpark Corporation Center

Listing Price: $1,450,000

Cap Rate
6.45%
Gross SF
27,360
Price/Gross SF
$53.00
Lot Size
5.16 acres
Year Built
1992
Rentable SF
27,360

Investment Highlights

  • The Airpark Corporation Center at 1801 Frank Holt Drive, Burlington, NC 27215 is a 27,360 square foot industrial type 4 clear span steel warehouse located on 5.16 acres and built in 1992.
  • The property boasts an excellent location with easy access to I40 , I85 and Piedmont Triad International Airport as well as the Burlington Alamance Regional Airport. The property has 6 loading bays.
  • Located in a thriving and low vacancy industrial park. Other tenants of the park include manufacturing, warehousing and trucking companies.
  • Landlord responsible for roof and structure. Tenant is responsible for all other. Lease is NNN. Current rents are below market. Tenant has occupied the 27,630 sf space since May of 2016. Approximately 12% of the building is office space.
  • The tenant is New World Van Lines which operates as a transportation and warehousing company with services including corporate relocation, logistics management, and storage. They were founded in 1919, operate in the lower 48 states with 18 locations and remain family owned and operated.

Investment Overview

Marcus & Millichap is pleased to present a single tenant NNN industrial property located 40 minutes west of Research Triangle Park (RTP) Raleigh Durham MSA and 30 minutes west of Greensboro along the I-40 /I-85 industrial, manufacturing, high tech corridor. The Piedmont Triad and Research Triangle regions are developing quickly and much of this development is dependent on the trucking, warehousing and transportation businesses. The building has been well maintained. In 2019 and 2020 repairs were made to the gutters, overhead doors, roof, and stairway. In 2018 repairs were made to the parking lot. The A/C and sprinklers were repaired in 2016.

Exclusively Listed By

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