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685 & 697 Southwest St 2 Industrial Properties Offered at $5,400,000 in High Point, NC
EXECUTIVE SUMMARY
Below Market Rent: With current market average rental rates of $6.01 PSF for industrial buildings of similar size and nature, this property’s current rental rate of $3.22 PSF is well below the market average, offering investors an abundance of near term NOI growth and value creation.
Attractive/Low Price Point: With a list price of $53.63 PSF, the property’s low “price per pound” being well below replacement costs offers investors immediate exceptional upside potential.
Limited Landlord Responsibilities: This property’s NNN lease offers investors stable cash flows with minimal landlord responsibilities.
Great Interstate Access: With great access to interstates I-85 and I-74, this property is ideally situated to deliver its current, and future, tenant(s) excellent access to a strong transportation network.
High-Demand Asset Class: Industrial space in North Carolina is an extremely attractive asset class due to the rapid migration of population & investment capital to the region.
Exceptional Market: The Piedmont Triad, a 12-county region in central North Carolina, is home to ±1.8 million people and offers a strategic location within 650 miles of over half the U.S. population. With 13 colleges and universities, the region continues to produce a highly skilled workforce. High Point further enhances the Triad’s global reach, hosting more than 80 internationally headquartered companies with year-round operations.
Attractive/Low Price Point: With a list price of $53.63 PSF, the property’s low “price per pound” being well below replacement costs offers investors immediate exceptional upside potential.
Limited Landlord Responsibilities: This property’s NNN lease offers investors stable cash flows with minimal landlord responsibilities.
Great Interstate Access: With great access to interstates I-85 and I-74, this property is ideally situated to deliver its current, and future, tenant(s) excellent access to a strong transportation network.
High-Demand Asset Class: Industrial space in North Carolina is an extremely attractive asset class due to the rapid migration of population & investment capital to the region.
Exceptional Market: The Piedmont Triad, a 12-county region in central North Carolina, is home to ±1.8 million people and offers a strategic location within 650 miles of over half the U.S. population. With 13 colleges and universities, the region continues to produce a highly skilled workforce. High Point further enhances the Triad’s global reach, hosting more than 80 internationally headquartered companies with year-round operations.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$323,950
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $323,950 |
PROPERTY FACTS
| Price | $5,400,000 | Number of Properties | 2 |
| Price / SF | $54.69 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 98,746 SF |
| Sale Type | Investment | Total Land Area | 4.92 AC |
| Status | Active |
| Price | $5,400,000 |
| Price / SF | $54.69 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 98,746 SF |
| Total Land Area | 4.92 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 685 Southwest St, High Point, NC 27260 | Industrial | 56,213 SF | 1995 | - |
| 697 Southwest St, High Point, NC 27260 | Industrial | 42,533 SF | 2001 | - |
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CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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685 & 697 Southwest St
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