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241 Vance Street
Forest City, NC 28043
Asking Price
$10.50M
Cap Rate
7.4%
Asset Type
Distribution Industrial
Class
Class B
What's Special
Industrial | 7.40% CAP | 175,542 SqFt <ul><li>Multi tenant</li><li>low lot coverage</li><li>mark to market</li><li>175,542 across 9 buildings</li><li>24.42 acres, 2.93 acres of IOS (included in the 24.42 acres)</li><li>clear heights range from 16’-27’</li><li>vintages range from 1974-1999</li><li>Rare Industrial Park Offering – Opportunity to acquire a multibuilding industrial campus consisting of nine warehouse and industrial buildings totaling approximately 175,000+ SF on over 24 acres</li><li>Existing Income Stream – Mul
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NOI
$80,000
Cap Rate
0.76%
DSCR
0.13
Underwater
Cash-on-Cash
-17.25%
Monthly Payment
$51,948.271
Annual Cash Flow
$-543,379.252
