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Investment Highlights

  • Very attractive, well-maintained light industrial building in well-located industrial park
  • Strong tenant with long-tenure at this location
  • Excellent lighting - clean and bright facility

Executive Summary

Occupied under five-year NNN lease (2026-2031) with two 5-year options, to a large precision CNC and EDM machine shop operator. The 40-year old operating business has been at Reliance Ave location for 28 years.
Original building constructed in 1998 and expanded in 2015.
Approx 17k s.f. manufacturing/storage, 5k s.f office/breakroom/conference room split.

Property Facts

Price $7,791,748 CAD
Price Per SF $354.70 CAD
Sale Type Investment NNN
Cap Rate 6.72%
Property Type
Flex
  • Flex Light Manufacturing
  • Industrial Manufacturing
Building Class B
Lot Size 2.39 AC
Rentable Building Area 21,967 SF
No. Stories 1
Year Built/Renovated 1998/2015
Tenancy Single
Parking Ratio 1.5/1,000 SF
Clear Ceiling Height 14’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Zoning LI-CU - Light Industrial

Amenities

  • Controlled Access
  • Front Loading
  • Security System
  • Signage
  • Reception
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector
  • Breakroom

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
0751.10-25-7552-000
Land Assessment
$1,065,212 CAD
Improvements Assessment
$5,699,689 CAD
Total Assessment
$6,764,901 CAD
  • Listing ID: 40227526

  • Date on Market: 2026-04-21

  • Last Updated:

  • Address: 2490 Reliance Ave, Apex, NC 27539

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