For Sale
$1,950,000

314 Mandustry StHigh Point, NC 27262

Multi-tenant flex space, high-value potential.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 54,385-square-foot industrial property in High Point, North Carolina, presents a compelling investment opportunity. Located at 314 Mandustry St., 27262, this multi-tenant building offers a diverse mix of flex, warehouse, and manufacturing space, currently comprised of eleven units. The property features four loading docks and six drive-in doors, catering to a variety of operational needs. Ceiling heights range from 10.5 to 14 feet, providing ample vertical space. The asking price is $1,950,000, translating to $35.86 per square foot. The land value alone is assessed at $36 per square foot. Individual unit prices average $177,272.73. The property is currently operating under a triple-net (NNN) lease structure. Significant recent renovations exceeding $100,000 have been completed, enhancing the property's appeal and functionality. Several units are already leased, with new leases signed at $2.92-$2.93 per square foot NNN. The remaining vacant units offer a significant value-add opportunity for increased rental income and long-term appreciation. This property is ideally suited for investors seeking a strong return on investment in a thriving North Carolina market.

Highlights

  • 54,385 SF industrial property in High Point, NC, at 314 Mandustry St., 27262.
  • Multi-tenant building with eleven units offering flex, warehouse, and manufacturing space.
  • Four loading docks and six drive-in doors.
  • Ceiling heights range from 10.5 to 14 feet.
  • Asking price: $1,950,000 ($35.86/SF); land value assessed at $36/SF.
  • NNN lease structure; recent renovations exceeding $100,000.

Property Details for 314 Mandustry St

Property type
Warehouses, Industrial properties
Square Feet
54,385 SF
Units
11

Location Insight

City
High Point
County
Guilford
State
North Carolina
Latitude
35.9237445
Longitude
-80.0400646
314 Mandustry St, High Point, North Carolina

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314 Mandustry St
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