5115 New Bern Ave

Investment Overview

5115 New Bern Avenue presents a unique industrial investment opportunity featuring ±24,500 SF on ±2.74 acres in Raleigh. The property combines in-place NNN income from two tenants with approximately 1.2 acres of fenced outdoor storage, providing a stable investment opportunity with immediate income and long-term upside.

Investment Highlights

• ±24,500 SF industrial building on ±2.74 acres
• ±16,500 SF occupied by Metal Depot
• ±8,000 SF occupied by National Coatings
• ±1.2 acres of fenced outdoor storage (IOS)
• Four (4) drive-in doors
• Functional, well-appointed office buildout
• Paved and fenced site
• IX-3 zoning
• High Traffic Exposure: New Bern Ave / US-64 Business: 48,000 VPD; I-440: 122,000 VPD; I-87: 98,000 VPD
• SALE PRICE: $6,670,000 (6.4% Cap Rate)