2427 Penny Rd
High Point, NC 27265
2427 Penny Road · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 13.78 AC |
| Rentable Building Area | 220,000 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Tenancy | Single |
| Parking Ratio | 0.9/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- Fenced Lot
- Signage
UTILITIES
- Heating - Gas
ABOUT 2427 PENNY RD , HIGH POINT, NC 27265
• Corporate HQ & Industrial Facility • 220,020 +/- RSF • Tilt-up Concrete Construction • Located in High Point, NC • Single Tenant: Corp. HQ and production/distribution facility for well-established NC business • Easily accessible from I-40, I-73, I-85 & the Piedmont Triad International Airport • Year 1 NOI = $800,000 ($3.64 PSF, NNN) • Lease Term: Ten (10) Years • Total Price: $12,500,000 • CAP Rate: 6.4% * Offering Memorandum available upon execution of Confidentiality Agreement.
PROPERTY TAXES
| Parcel Number | 0207386 | Improvements Assessment | $7,926,100 |
| Land Assessment | $1,515,800 | Total Assessment | $9,441,900 |
ZONING
| Zoning Code | C.U,O/W |
