Class “A” Industrial in Greensboro, NC – Furman Capital Advisors

Class “A” Industrial in Greensboro, NC – Furman Capital Advisors

Class “A” Industrial in Greensboro, NC

Class "A" Industrial in Greensboro, NC -

404 & 420 A&B Chimney Rock Rd, Greensboro, NC 27410

Marketing Description

Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in a Class “A” Industrial Portfolio located in Greensboro, NC.

Investment Highlights

Highly Desirable Submarket: Located in the heart of the Airport (PTI) Industrial Submarket, The Triads largest and most established submarket and an optimal location for transportation and distribution
Booming Greater Market: Central member of the Piedmont Urban Crescent, a large rapidly developing urbanized mega-region poised to prosper due to quality of life, low cost of living, mild climate, business-friendly environment, and diverse economic base
Explosive Regional Growth: Located on the I-85 “Boombelt”, a high growth corridor extending from Atlanta to Raleigh along I-85 reporting a 40% faster growth rate than the rest of the U.S
Optimum Distribution Location: Close proximity to five major Interstates, two deepwater ports via the Piedmont Triad inland port, the nation’s largest consolidated rail system, and the largest volume cargo airport in the state
Minimal Submarket Vacancy: Extremely low vacancy rate of 4.2% with the PTI Industrial submarket accounting for 40% of the Triads total net absorption in 2019
Class “A” Construction: High quality all brick construction is ideal for long-term owners and tenants
Attractive Rent Growth: Average annual rent growth of ±2.6% over a ten year analysis period (see page 16 for more detail)
Priced Below Replacement Cost: The scarcity and demand for developable land plus the ever-rising construction costs create an unreplaceable opportunity for investors at only $65.84/SF
Below Market Rents: Significant upside potential by increasing the subject property average rate of $4.33/SF to the submarket average rate of $5.68/SF
Minimal Landlord Responsibilities: All tenants leases are NNN, making this an ideal investment for passive investors

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864.235.6855
101 E. Washington Street,
Suite 400, Greenville, SC 29601

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Confidentiality Agreement Form

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This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

Confidentiality Agreement

This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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