416 Millstone Dr

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416 Millstone Dr

Hillsborough, NC 27278
Asking Price
$2.60M
Asset Type
Industrial
Class
Class B

What's Special

416 Millstone Dr is situated in Hillsborough, North Carolina, within the Millstone Business Park. The area features a mix of light industrial and commercial facilities, characterized by a well-established professional environment. The property is located less than two miles from the Interstate 40 and Interstate 85 interchange, providing direct logistical access to the Research Triangle Park, Durham, and Greensboro. Nearby amenities include various dining and retail options along the Highway 86 corridor, supporting the needs of a local workforce. The facility is suited for distribution, light manufacturing, or regional flex operations. The strategic location near major freight corridors supports tenants involved in supply chain logistics, wholesale trade, or specialized assembly. Typical occupants include mid-sized enterprises requiring a combination of warehouse space and administrative offices within the suburban Raleigh-Durham market. The building’s configuration accommodates businesses seeking efficient transit routes to serve both local and interstate customers.

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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