209 Technology Park Ln
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209 Technology Park Ln
22,230 SF Flex Building Fuquay Varina, NC 27526 $4,399,000 ($198/SF)
Investment Highlights
- Well maintained building that can be used by traditional industrial users or creative retail.
- Significant capital improvement by current ownership.
- Great highway access to service wide range of the triangle.
- Record rental growth and high barriers entry.
Executive Summary
209 Technology Park has been the home to Aviator Brewing for over ten years. The property features a great combination of warehouse, office, and retail space that can easily be converted. The combination of dock doors, drive ins, single elevation insulated slab, and outdoor storage will be attractive to a wide range of users. Technology Park Lane is filled with a diverse array of industrial and flex users.
Fuquay-Varina, along with the entire Triangle, has experienced high population and economic growth over the past 10 years. The property represents the rare opportunity for an owner to purchase a building well below replacement cost in a limited industrial market that maintains low vacancy.
Owner will require a short term lease back until their new production facility is completed (3-6 months).
Fuquay-Varina, along with the entire Triangle, has experienced high population and economic growth over the past 10 years. The property represents the rare opportunity for an owner to purchase a building well below replacement cost in a limited industrial market that maintains low vacancy.
Owner will require a short term lease back until their new production facility is completed (3-6 months).
Property Facts Under Contract
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Charlotte
872,498
139
3 h 15 m
Philadelphia
1,584,138
427
8 h 34 m
Jacksonville
903,889
434
8 h 16 m
Columbus
892,533
477
9 h 29 m
New York
8,398,748
515
10 h 17 m
Indianapolis
867,125
616
12 h 13 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
264,942
Total Labor Force
158,093
Unemployment Rate
2.74%
Median Household Income
$108,016
Warehouse Employees
20,198
High School Education Or Higher
95.30%
PROPERTY TAXES
| Parcel Number | 0658.04-60-9503-000 | Improvements Assessment | $1,763,278 |
| Land Assessment | $200,376 | Total Assessment | $1,963,654 |
PROPERTY TAXES
Parcel Number
0658.04-60-9503-000
Land Assessment
$200,376
Improvements Assessment
$1,763,278
Total Assessment
$1,963,654
zoning
| Zoning Code | LI (Light Industrial) |
| LI (Light Industrial) |
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209 Technology Park Ln
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