Investment Overview
1100 - 1110 Atlantic Avenue offers a strong opportunity for both owner-users and investors looking for a flexible, functional industrial asset in one of Eastern North Carolina’s growing logistics corridors. The site includes over 51,000 square feet across four buildings, along with ample yard space and infrastructure such as cranes, heavy power, and a potential fueling station.
Buildings 1, 3 and 4 are leased. With in-place income, Building 2 presents a clear path for an owner-user to occupy while also offering upside through lease-up and additional income potential.
Investment Highlights
- PIN: 3850-97-1332 and 3850-97-4156
- NOI: $133,786.16
- CAP Rate: 6.7%
- Zoning: Heavy Industrial (I2)
- Building 1 - 24,318 SF: (9) Grade level doors; Up to 12’ - 26’ 5” clear span; 9’ - 22’ 6” clear at eaves; 5 Ton overhead crane; 18’ Crane clearance; Natural gas heaters
- Building 2 - 20,378 SF: (4) Grade level doors; 23+ Offices; (2) Conference rooms; Break area; Reception area; Small warehouse crane
- Building 3 - 3,800 SF: (2) Grade level doors; 18’ Clear span; Paint booth
- Building 4 - 3,000 SF: (2) Grade level doors; 10’ 7” - 14’ 8” Clear span
- Fueling Station - (3) Pumps/Tanks; Currently Inactive