For Sale
$5,995,000

2539 Noblin RdRaleigh, NC 27604

Fully Leased Multi-Tenant Warehouse

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, multi-tenant industrial warehouse totaling 63,304 square feet situated on a 4.64-acre lot in Raleigh, NC. The property boasts a strong 10.5% capitalization rate and a compelling price per square foot of $94.70. Built in 1965/1969, the single-building property features eight dock-high doors and a 19-foot ceiling height. The property is zoned IND-2 and enjoys 100% occupancy across four units, each leased to a nationally recognized tenant with investment-grade credit ratings. Tenants include Beacon Waterproofing Products (owned by Beacon Roofing Supply), Sherwin-Williams Co., Capital Lighting & Supply (owned by Sonepar), and Continental Battery Company (backed by H.I.G. Capital). This prime location offers excellent access to I-440, providing convenient access to major transportation arteries, including US-401, I-40, PNC Arena, Carter-Finley Stadium, Raleigh-Durham International Airport, and Research Triangle Park (RTP). The Northeast Wake County submarket boasts a low 3.2% industrial vacancy rate, underscoring the desirability and stability of this investment. The land value alone is $33.38 per square foot, further enhancing the overall value proposition. This is a rare opportunity to acquire a high-performing, multi-tenant industrial asset in a thriving Raleigh location. Leasehold ownership.

Highlights

  • Fully leased, 63,304 SF multi-tenant industrial warehouse on a 4.64-acre lot in Raleigh, NC. 10.5% cap rate, $94.70/SF price.
  • Four units, 100% occupancy, investment-grade credit tenants: Beacon Waterproofing Products (Beacon Roofing Supply), Sherwin-Williams Co., Capital Lighting & Supply (Sonepar), and Continental Battery Company (H.I.G. Capital).
  • Built 1965/1969, features eight dock-high doors and 19-foot ceilings. Zoned IND-2.
  • Excellent I-440 access, proximity to US-401, I-40, RDU Airport, and Research Triangle Park. Northeast Wake County submarket boasts a 3.2% industrial vacancy rate.
  • Land value alone is $33.38/SF. Leasehold ownership.

Property Details for 2539 Noblin Rd

Property type
Warehouses, Industrial properties
Square Feet
63,304 SF
Year Built
1965
Buildings
1
Lot Size (sq. ft)
202,118 SF
Units
4

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.8083653
Longitude
-78.5984203
2539 Noblin Rd, Raleigh, North Carolina

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2539 Noblin Rd
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