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±242,256 SF Warehouse on ±36.93 acres 1000 Chain Dr 242,256 SF 100% Leased Industrial Building Morganton, NC 28655 $10,123,415 CAD ($41.79 CAD/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • ±242,256 SF on ±36.93 acres
  • 16 dock high doors and 4 drive-in doors
  • (1) 2-ton crane & (1) 10-ton overhang bridge with 45’ span
  • Fully occupied by 2 tenants with 76,665 SF coming available in 90 days - contact broker for lease details
  • Heavy power with substation on site
  • 100% wet system

EXECUTIVE SUMMARY

1000 Chain Drive, Morganton, NC - This ±242,256 SF industrial facility sits on ±36.93 acres and is located just off I-40 in Morganton. The property is currently fully occupied with 2 tenants with 76,665 SF coming available in 90 days. Built in 1980 and zoned General Industrial, the property features 16 dock-high doors, 4 drive-in doors, and ceiling heights ranging from 23’10” to 30’5”, supported by 10” Steel H columns spaced 48’x48’. The building includes a 2-ton and 10-ton overhang bridge crane with a 45’ span, heavy power with an on-site substation, and a 100% wet fire suppression system. Offices are air-conditioned, and the entire building is fully heated. This versatile facility is ideal for manufacturing, distribution, or warehouse operations seeking a well-equipped industrial property in the Morganton market.

PROPERTY FACTS

Price $10,123,415 CAD
Price Per SF $41.79 CAD
Sale Type Investment
Cap Rate 7%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class B
Lot Size 36.93 AC
Rentable Building Area 242,256 SF
No. Stories 1
Year Built 1980
Parking Ratio 1.28/1,000 SF
Clear Ceiling Height 30’5”
No. Dock-High Doors/Loading 16
No. Drive In / Grade-Level Doors 4
Opportunity Zone Yes
Zoning IND

AMENITIES

  • Signage
  • On-Site Power Generation

UTILITIES

  • Lighting - Sodium
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Jackson Paper
  • -
  • 99,999 SF
  • -
  • -
  • Timken
  • -
  • 99,999 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Jackson Paper - 99,999 SF - -
Timken - 99,999 SF - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 76,655 SF
  • Industrial
  • Full Build-Out
  • 90 Days

This ±76,665 SF industrial space is available for lease within a larger ±242,256 SF facility, located conveniently off I-40. The space features 1 dock-high door and 3 drive-in doors, ceiling heights of 23’10”–30’5”, and 10” Steel H columns spaced 48’x48’. Tenants benefit from a 2-ton and 10-ton overhang bridge crane (45’ span), heavy power with an on-site substation, and a 100% wet fire suppression system. Offices are air-conditioned, and the building is fully heated. Zoned General Industrial, this flexible space is ideal for manufacturing or warehouse operations.

Space Size Space Use Condition Available
1st Floor 76,655 SF Industrial Full Build-Out 90 Days

1st Floor

Size
76,655 SF
Space Use
Industrial
Condition
Full Build-Out
Available
90 Days

1st Floor

Size 76,655 SF
Space Use Industrial
Condition Full Build-Out
Available 90 Days

This ±76,665 SF industrial space is available for lease within a larger ±242,256 SF facility, located conveniently off I-40. The space features 1 dock-high door and 3 drive-in doors, ceiling heights of 23’10”–30’5”, and 10” Steel H columns spaced 48’x48’. Tenants benefit from a 2-ton and 10-ton overhang bridge crane (45’ span), heavy power with an on-site substation, and a 100% wet fire suppression system. Offices are air-conditioned, and the building is fully heated. Zoned General Industrial, this flexible space is ideal for manufacturing or warehouse operations.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17612
Land Assessment
$957,998 CAD
Improvements Assessment
$7,448,133 CAD
Total Assessment
$8,406,131 CAD
  • Listing ID: 38183185

  • Date on Market: 2025-10-23

  • Last Updated:

  • Address: 1000 Chain Dr, Morganton, NC 28655

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