21380 Charles Craft Ln
Maxton, NC 28364

The lease was signed when there was vacancy in the market, thus the $1.09 psf NN rent. Now the market it tight and tenants are paying $2.00 psf ++ for similar space. Meritor owns a large manufacturing facility 0.7 miles away so this distribution center is strategic to their operations. EXP Realty Advisors presents for sale the Meritor Distribution Center located Maxton NC. The property is one of two facilities Meritor operates in Maxton, NC. Located in the Laurinburg-Maxton industrial park, which is situated around the Laurinburg-Maxton municipal airport, this industrial market has a vacancy factor of only 1.9% and has an average industrial rent of $2.00 PSF. This distribution center has 17 foot clear ceiling heights throughout the building and is paying only $1.09 PSF with 2% annual escalations. The facility serves as the companies distribution center and is only 0.7 miles from the Meritor Commercial Vehicle Systems and Aftermarket Facility which is owned by Meritor(see aerial). The property is approximately 16 miles from Interstate 95, just off NC Highway 74. It is a pre-engineered metal building built on slab with a pitched metal roof. Column spacing is 30'x50’. The metal roof has been well maintained but is not new. The property is a 151,380 square foot warehouse and distribution building located on 10 acres and the building is expandable. There is an additional 18.4 acres behind the building which is available for an additional $250,000. The site is level with approximately 3 acres of parking and an additional 3 acres for expansion. The building is a very well maintained with 7 loading dock doors (all with dock levelers). The building is fully sprinklered. 60,000 square feet are heated and cooled, and the remainder of the space is heated. There is 4,500 sq. ft. of office/conference area. LOCATION OVERVIEW: Maxton is part of the Robeson and Scotland municipal area with a population of 36,157 as of the 2010 census. The county seat is Laurinburg which is 6.3 miles from the property. FCC North America, a manufacturer of automotive components recently invested $57 million to expand its Laurinburg manufacturing facility bring it’s workforce to 200 people. Meritor is also in the vehicle business. TENANT: MERITOR https://www.meritor.com a Fortune 500 Company (NYSE: MTOR) Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of approximately 8,200 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. Commercial Truck & Industrial • Supplies drivetrain systems and components, including axles, drivelines, brakes and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, and emergency and other applications in North America, South America, Europe and Asia Pacifc. This segment also includes the company’s aftermarket businesses in Asia Pacifc and South America. Aftermarket & Trailer • Supplies axles, brakes and braking systems, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe. This segment also supplies a wide variety of undercarriage products and systems for trailer applications in North America.