For Sale
$7,150,000

1021 Classic RdApex, NC 27539

High-yield flex space, ideal for investors.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 24,600 square foot flex space at 1021 Classic Road, Apex, NC 27539, presents a compelling investment opportunity. The property, built in 2000 and renovated in 2019, boasts a Class B rating and is situated on a 2.69-acre lot zoned LI-CU. The building features a 22-foot ceiling height, three loading docks, and three dock-high doors, making it highly functional for various industrial uses. Currently operating under a triple net (NNN) lease, this sale/leaseback property offers a strong 6.19% cap rate with a net operating income (NOI) of $442,800 and an asking price of $7,150,000 ($290.65/sq ft). The property is meticulously maintained and includes a fenced truck court with a covered loading dock. Its convenient location, minutes from US-1 in Apex, provides excellent access to major transportation routes. This turnkey investment is ready for immediate income generation and offers significant potential for long-term growth. The property's features and prime location make it an attractive option for discerning investors seeking a stable, high-return asset in a thriving market.

Highlights

  • Immaculately maintained property.
  • Secure fenced truck court with covered loading dock.
  • Convenient location, minutes from US-1.

Property Details for 1021 Classic Rd

Property type
Industrial properties, Flex space
Square Feet
24,600 SF
Class
B
Year Built/Renovated
2000/2019
Lot Size (sq. ft)
117,176 SF

Location Insight

City
Apex
County
Wake
State
North Carolina
Latitude
35.7165969
Longitude
-78.8233131
1021 Classic Rd, Apex, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1021 Classic Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message