US-1 North - Phase I — Sale in Youngsville, NC

  • Price: $10
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Youngsville, NC
  • Year built: 2024

Photos

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Description

Jones Lang LaSalle, Inc. ("JLL"), as exclusive advisor, has been retained to market the opportunity to acquire the fee simple interest in US-1 North - Phase I (the "Project" or "Offering"), two (2) Class A logistics facilities totaling 394,123 SF. Currently 89.3% leased to three (3) tenants, the Project provides investors with durable income while existing first-generation vacancy presents a rare value-add opportunity in the fundamentally-resilient, high-growth Raleigh-Durham industrial market. The Project features 3.6 years of WALT with contractual weighted average rent escalations of 3.62%, providing strong embedded NOI expansion over the course of ownership. The Project also touts an abundance of institutional-quality features including 32’ clear heights, ESFR sprinklers, motion-activated LED lighting, among many others. The Offering represents the opportunity to acquire two (2) Class A logistics facilities with the ability to capitalize on a rare lease-to-core business plan through the lease-up of first generation space in one of the country’s premier industrial markets.

Market Context

This industrial in Youngsville, NC is listed for sale at $10. The building dates to 2024. Compare it against other industrial listings for sale in Youngsville, NC — view the full market.

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