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Wesbell Technologies 555 Lucy Garrett Rd 118,000 SF 4-Star Industrial Building Roxboro, NC 27574 $11,039,182 CAD ($93.55 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Mission critical facility for tenant | Serves as their United States headquarters and only location in the US
- Experienced operator | Wesbell Investment Recovery LTD | Successful company for over 60 years with 7 locations across 6 Provinces & States
- Attractive rent growth | 2.5% annual increases provide consistent NOI growth and hedge against inflation
- Recently agreed to a 7-year lease extension at significantly higher rent demonstrating tenant’s long-term commitment to the site
- Recent building and property improvements completed | Capital upgrades enhance asset condition and reduce near-term maintenance risk
- Approx. 118,000 SF facility | Efficient industrial layout with 15% office and 85% warehouse space
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Wesbell Technologies in Roxboro, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $11,039,182 CAD | Rentable Building Area | 118,000 SF |
| Price Per SF | $93.55 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1996 |
| Cap Rate | 6.75% | Tenancy | Single |
| Sale Condition | Build to Suit | Parking Ratio | 0.93/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 31’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 5 |
| Building Class | A | No. Drive In / Grade-Level Doors | 13 |
| Lot Size | 31.77 AC | ||
| Zoning | Ind | ||
| Price | $11,039,182 CAD |
| Price Per SF | $93.55 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Sale Condition | Build to Suit |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | A |
| Lot Size | 31.77 AC |
| Rentable Building Area | 118,000 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Parking Ratio | 0.93/1,000 SF |
| Clear Ceiling Height | 31’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 13 |
| Zoning | Ind |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | A50-61 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,698,155 CAD |
Property Taxes
Parcel Number
A50-61
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,698,155 CAD
Contacts
-
Al Dickens -
Ransome Foose -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Wesbell Technologies | 555 Lucy Garrett Rd
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