9100-9101 Lackey Rd

Industrial for Sale
Catylist Listing ID: 30574937
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 317,000 SF
Gross Land Area: 54 Acres
Sale Price: $6,500,000
Unit Price: $20.50 PSF
Property Use Type: Investment
Building Name: Brunswick Industrial Warehouse
Usable Size (USF): 317,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2020

Overview / Comments

The Brunswick Industrial Warehouse was originally developed in 1970 on a rail spur in the Leland area of Brunswick County to serve as a rail-based warehouse facility for the nearby DuPont manufacturing plant. DuPont has since closed its plant and this multi-building, multi-tenanted facility has been the base of operations for several warehousing and assembly companies in the ensuing years.

This 317,000 SF, 54-acre facility is being offered for sale for the first time in fifteen years. Most of the space is currently occupied by long term tenants. The main tilt-up concrete warehouse has three large bays with 30' ceiling height and one large tenant. The second metal building across the parking lot has three large bays totaling 105,000 SF with ceilings of varying heights. The third building is a 9,000 SF structure.

The buildings' sprinkler system and fire alarm system have been either replaced or upgraded to meet the 2018 building codes. Over one half of the roof has been replaced since 2011, with most of the replacement occurring within the past five years.

The property is located only 2 miles from the I-140 Interchange at Mt Misery Road in Navassa. I-140 provides direct interstate access to I-140 in Wilmington, as well as four lane access to Charlotte & Raleigh.

Financial information will be released following the execution of a Confidentiality Agreement. The property offers a competitive rate of return for investors. Contact listing broker for a CA Agreement.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County
Tax ID/APN: 01600023
Zoning: I-G
Rail Access: Yes
Airports: ILM
Site Description: The 54-acre site is at the end of Lackey Road and it is secured by a chain link fence with a gate which automatically closes and locks in the evening. Occupants have a gate lock code for 24/7 access to the facility. There is an unused rail spur beside the main building, making this warehouse facility one of the very few in the region which can offer rail access to an existing large bay warehouse. The site is level and it features several acres of paved parking in addition to two large free-standing water tanks and a pump house.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1970
Year Renovated: 2018
Column Spacing: Varies
Sprinklers: Wet
Zoning Description: I-G Heavy Industrial
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,674 14,291
Median Age: 32.58 34.48
Households: 2,525 5,550

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