Fully Leased Multi-Tenant Industrial For Sale in Denver NC

7471-7473 Hagers Hollow Drive, Denver, NC

$2,626,573

Price

18,870 sqft

Building Size

2.24 acres

Lot Area

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Street
Map
Overview
Building Size
18,870 sqft
Lot Area
2.24 acres
Occupancy
100%
Units
4
Year Built
2008
Description

The property is strategically located right off of busy Old Highway 16 in thriving Denver North Carolina. It is fully leased with 4 stable industrial tenants: Dry Otter Waterproofing, Microblue Racing, Youngblood Waterproofing, and Proline Parking Lot Maintenance. Tenant demand is at an all-time high. All of the rents are at or just below market rate and can be increased to $10/SF/YR NNN at lease maturities per current market lease comps. There's also additional acreage that can be utilized for tractor trailer/outside storage to increase the NOI and bottom line for the saavy investor. It's a value add industrial investment property that there is very high demand for and virtually no market inventory.

Denver NC is situated on North Carolina Highway 16 west of Lake Norman. The property is located right off of Hwy 16 on Hagers Hollow Drive and is surrounded by industrial, office, and outside storage.

Highlights
  • - Value Add Rent Rates
  • - Outside Storage to Increase NOI
  • - Strategically located off of Old Hwy 16
  • - Built in 2008 and properly maintained
  • - Strong Tenant demand
Location
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