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1609 Airport Rd
Monroe, NC 28110
Asking Price
$9.22M
Asset Type
Warehouse Industrial
Class
Class B
What's Special
Industrial | 111,500 SqFt <p>7.40% cap rate at $9,220,000 purchase price</p><p>$682,275 projected 2026 NOI with $116,093 reimbursements</p><p>100% occupied across 111,500 SF</p><p>3M and Spiroflow provide established industrial tenancy</p><p>Leases run through 2028 and 2029 with renewal options</p><p>40,000 SF roof replacement completed in 2024</p><p>8 docks, 4 drive-ins, and 16'10"-25' clear heights</p><p>1 waived ROFO plus Brownfield Program participation</p>
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NOI
$80,000
Cap Rate
0.87%
DSCR
0.15
Underwater
Cash-on-Cash
-16.90%
Monthly Payment
$45,615.529
Annual Cash Flow
$-467,386.353
