For Sale
$2,825,000

131 Business Park DrIndian Trail, NC 28079

24,000 SF Flex Space, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 24,000-square-foot industrial flex warehouse in Indian Trail, North Carolina, presents a compelling owner-user opportunity. Located at 131 Business Park Dr, 28079, this single-tenant property boasts a 100% occupancy rate with a lease expiring September 30, 2026, offering approximately 1.9 years of remaining lease term. The building, constructed in 1994 and renovated in 2001, features an all-brick exterior and is offered below replacement cost. The functional space is divided into 27% office and 73% warehouse, with a desirable 16.5-foot ceiling height. Four loading docks facilitate efficient operations. The property sits on a 1.84-acre lot and includes 27 parking spaces. The asking price is $2,825,000, representing a compelling $117.71 per square foot and a 5.25% capitalization rate based on a Net Operating Income (NOI) of $148,399. The property is zoned GBD and benefits from its proximity to I-485 and Highway 74 Bypass, providing excellent access to major transportation arteries. Union County's low vacancy rate of 1.2% and significant rent growth (over 37% in the previous three years) underscore the strong market fundamentals. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a thriving location.

Highlights

  • Single-tenant owner-user opportunity in Indian Trail, NC.
  • Approximately two years remaining lease term (expires 09/30/2026).
  • All-brick building offered below replacement cost; asking price $2,825,000.
  • 24,000 SF fully conditioned flex space (27% office, 73% warehouse); 16.5' ceiling height.
  • Excellent location near I-485 and Hwy 74 Bypass; 1.84-acre lot with 27 parking spaces and 4 loading docks.

Property Details for 131 Business Park Dr

Property type
Warehouses, Industrial properties
Square Feet
24,000 SF
Year Built/Renovated
1994/2001
Buildings
1
Stories
1
Lot Size (sq. ft)
80,150 SF
Units
1

Location Insight

City
Indian Trail
County
Union
State
North Carolina
Latitude
35.0790462
Longitude
-80.6610305
131 Business Park Dr, Indian Trail, North Carolina

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131 Business Park Dr
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