For Sale
$981,000

161 Walnut CirGreensboro, NC 27409

Fully Leased Industrial Property, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a fully leased, multi-tenant flex/warehouse property ideally situated in Greensboro, North Carolina. The property encompasses approximately 18,930 square feet on a sizable 3.11-acre lot, offering significant expansion potential. Currently boasting 100% occupancy with two tenants, this property generates a 6.8% return on investment based on below-market rents, presenting a clear path to increased profitability through rent adjustments or the addition of outdoor parking or supplementary structures. The property features one loading dock and ample parking, ensuring efficient operations for tenants. Located just eight miles from the Piedmont Triad International Airport, this prime location offers unparalleled accessibility and convenience. The property is zoned LI and includes two addresses: 161 S. Walnut Circle and 122 Winola Court, both within Greensboro's Guilford County, zip code 27409. The property consists of one building and is identified by APN numbers 7834-84-9701 and 7834-84-7584. This well-maintained property represents a strong investment with substantial upside potential for savvy investors seeking a stable, high-yield asset in a thriving market. The current below-market rents provide immediate opportunity for increased cash flow. The expansive lot size allows for future development and expansion to further enhance the property's value and income stream. This is a rare opportunity to acquire a high-performing industrial property in a desirable location with significant growth potential.

Highlights

  • 8 miles to Piedmont Triad International Airport.
  • Fully leased, two-tenant building totaling ±18,913 square feet on a 3.11-acre lot with expansion potential.
  • 6.8% cap rate with below-market rents offering significant upside.

Property Details for 161 Walnut Cir

Property type
Industrial properties, Flex space
Square Feet
18,930 SF
Buildings
1
Lot Size (sq. ft)
135,472 SF

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0671832
Longitude
-79.8839274
161 Walnut Cir, Greensboro, North Carolina

FAQs

What type of property is this?
Industrial property - Fully Leased Industrial Property, High ROI
Where is the industrial property located?
The property is located at 161 Walnut Cir Greensboro, NC.
What is the asking price?
The asking price for this property is $981,000.
What are key features of this property?
This property features: 8 miles to Piedmont Triad International Airport.; Fully leased, two-tenant building totaling ±18,913 square feet on a 3.11-acre lot with expansion potential.; 6.8% cap rate with below-market rents offering significant upside.
How can I contact the broker?
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161 Walnut Cir
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