Single-Tenant Warehouse Building
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- Map
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$1,050,000.00
Address
2809 Superior DriveWake Forest, NC 27587
Overview
SOLD 10/1/10 FOR $950,000
This warehouse is the newspaper distribution center for the NE Raleigh and Wake Forest routes of the Raleigh News and Observer. The building was built for the N&O in 2002 and is located just off Capital Blvd, 4 miles north of I-540.
- Approximately $100,000 NOI and 9.5% cap rate
- 8 years remaining on lease
- 3% annual escalations
- N&O is owned by The McClatchy Company
Additional Information:
Unit Information
| Unit | Size | Type | 2010 Rent | Lease Exp |
|---|---|---|---|---|
| 2809 Superior | 9,990 SF | 8,734 SF WH, 1,256 SF OFF | $109,909 ($9,159/mo) | 12/31/17 |
Property Information
- PIN
- 1739725562
- Tax Value
- $587,010
- Taxes
- $6,128.38
- Lot Size
- 1.50 ACRES
- Year Built
- 2002
- Insurance
- $961
- Exterior
- BLOCK, METAL
- Foundation
- SLAB
- HVAC
- WAREHOUSE AND OFFICE
- Ceilings
- +/- 15 FT
- Bay Doors
- 4 DRIVE-UP, 3 DRIVE-IN, 1 LOADING DOCK
- Utilities
- Paid by tenant