1609 Airport Rd, Monroe, NC for sale

Investment Overview

1609 Airport Road is a 111,500 SF industrial facility on 9.46 acres in Monroe, North Carolina, offered as a stabilized investment opportunity at an asking price of $9,560,000, which equates to $85.74/SF and a 7.69% cap rate. The property was originally built in 1978 and renovated in 2007, is zoned GI (General Industrial), and features 16’10"–25’ clear heights, 8 dock doors, 4 drive-ins, masonry/brick construction, and a fully sprinklered and conditioned (October 2026) warehouse. This offering presents an investor the opportunity to acquire a stabilized industrial asset in the Charlotte MSA that is 100% leased to an operating business tied to Akona Process Solutions, a newly formed and sponsor-backed industrial platform, and 3M. The combination of in-place cash flow, industrial functionality, Union County location, and tenancy connected to a larger strategic manufacturing operation makes the property an attractive lower-management industrial investment. Akona Process Solutions is the newly formed parent platform created through the 2025 merger/rebrand of Advanced Material Processing and Automated Handling Solutions, backed by May River Capital. Akona now encompasses legacy brands including Spiroflow, Kason, Cablevey, and Marion, making the connection to this property especially relevant because Spiroflow is now part of Akona’s broader operating platform. The Monroe facility is integral to their strategy as a major manufacturing, testing, and customer collaboration hub serving process-intensive end markets such as food & beverage, pharma, nutraceuticals, pet food, and specialty chemicals.

Investment Highlights

• Strong Global Tenants | Akona Process Solutions + 3M
• Minimal Landlord Responsibilities
• Akona Process Solutions North American HQ | Mission Critical Facility
• Akona Process Solutions executed 1st Renewal extending term to 2034
• Tenant reimburses for Capital Improvements (Roof + HVAC as additional rent currently)
• Proximity to US-74 = Access to major interstates (I-85, I-77, I-485)