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Robersonville NC Warehouse 8902 US Highway 64 88,504 SF Industrial Building Robersonville, NC 27871 $5,526,643 CAD ($62.45 CAD/SF) 9.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Low operating cost, excellent workforce and ample facility space.
EXECUTIVE SUMMARY
Excellent condition fully leased building in Robersonville North Carolina which is 20 minutes from Greenville NC. The location is less than 2 hours and 100 miles from the Port of Norfolk and 2 and a half hours from the Port of Wilmington NC with excellent access roads. The facility is less than 2miles from the future I87. The facility is located off US-64 with a large lot and ample parking and paved space for trailer storage and access. The facility is built of masonry with a brand new roof and new metal decking added in 2024. The office was refurbished as well. Expect to have almost no maintenance and very little repair costs on this property for the next 30-40 years. The clear heights vary from 15-17ft but the majority of the facility is 15ft minimum clear below the sprinkler pipes and joists.
The location features very low property tax of $7647.11 and a local state insurance plan of $3,942 per year for the entire facility written by the North Carolina Joint Underwriting Association. The county does not assess further taxes on business property and equipment. This puts operating expenses under .15/ft annually.
The facility featured a new roof, refurbished office space, new lighting, demolition of old factory equipment and layouts, new dock doors and exit lighting among other work in a major overhaul in 2024. The facility was converted to warehouse and distribution space from prior use as a textile manufacturer. Prior uses included a shoe manufacturer and high end manufacturing. The facility has ample power for distribution & manufacturing uses and the capacity to expand. The facility has ample power with the capacity for a 3000KVA transformer available and space for a second 3000KVA transformer if the power use justifies for the local utility. The facility has 277/480 volts. The locality is business friendly with an excellent work force.
The building is leased to a high end fitness product brand and home goods brand primarily selling under the ProSourceFit product lines through e-commerce channels. The extra parking in the lot is leased to RFI Distribution Inc. for trailer parking and storage.
Seller will offer buy-side representatives a 3% brokerage commission. The property has a clean environmental record.
The location features very low property tax of $7647.11 and a local state insurance plan of $3,942 per year for the entire facility written by the North Carolina Joint Underwriting Association. The county does not assess further taxes on business property and equipment. This puts operating expenses under .15/ft annually.
The facility featured a new roof, refurbished office space, new lighting, demolition of old factory equipment and layouts, new dock doors and exit lighting among other work in a major overhaul in 2024. The facility was converted to warehouse and distribution space from prior use as a textile manufacturer. Prior uses included a shoe manufacturer and high end manufacturing. The facility has ample power for distribution & manufacturing uses and the capacity to expand. The facility has ample power with the capacity for a 3000KVA transformer available and space for a second 3000KVA transformer if the power use justifies for the local utility. The facility has 277/480 volts. The locality is business friendly with an excellent work force.
The building is leased to a high end fitness product brand and home goods brand primarily selling under the ProSourceFit product lines through e-commerce channels. The extra parking in the lot is leased to RFI Distribution Inc. for trailer parking and storage.
Seller will offer buy-side representatives a 3% brokerage commission. The property has a clean environmental record.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $5,526,643 CAD | Rentable Building Area | 88,504 SF |
| Price Per SF | $62.45 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1970 |
| Cap Rate | 9.04% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.9/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 15’ |
| Building Class | B | No. Dock-High Doors/Loading | 8 |
| Lot Size | 17.44 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial - Zoned for any industrial use as the county has no zoning restrictions on the property. | ||
| Price | $5,526,643 CAD |
| Price Per SF | $62.45 CAD |
| Sale Type | Investment |
| Cap Rate | 9.04% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 17.44 AC |
| Rentable Building Area | 88,504 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 1.9/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial - Zoned for any industrial use as the county has no zoning restrictions on the property. |
AMENITIES
- Security System
- Skylights
- Monument Signage
- Air Conditioning
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- ProSource Fitness
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- RFI Distribution Inc.
- Transportation and Warehousing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| ProSource Fitness | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| RFI Distribution Inc. | Transportation and Warehousing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 0701202 | Improvements Assessment | $1,056,490 CAD |
| Land Assessment | $201,693 CAD | Total Assessment | $1,258,183 CAD |
PROPERTY TAXES
Parcel Number
0701202
Land Assessment
$201,693 CAD
Improvements Assessment
$1,056,490 CAD
Total Assessment
$1,258,183 CAD
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Richmond Fulfillmet Inc
Robersonville NC Warehouse | 8902 US Highway 64
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