2539 Noblin Rd Raleigh, NC 27604

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.