Investment Highlights
Strong Submarket: Located in the Triad’s Airport Submarket, Deep River II, is strategically located in the middle of the Greensboro, High Point, and Winston-Salem MSA’s with a combined population of over 1.7 Million residents.
Surrounding Economic Developments: Recent announcements from major companies such as Boom Supersonic, Volvo, and Wolfspeed show strong growth within the surrounding area and add to the national attention on the Triad and Airport Submarket specifically.
Below Market Rents: The in-place lease rate for the Property’s largest suite (31,842 SF of office space) is below the submarket average of $19.40/ SF, which presents the opportunity to increase the future Net Operating Income substantially and act as a hedge against inflation. Office rents in the submarket also have a very positive trend and are 25.9% higher than they were a decade ago.
Convenient Access: The Property is located just off NC Hwy. 68 and less than 1.0 mile from the nearest interchange with I-40. This allows for easy access to four major US Interstates (I-840, I-85, I-73, I-74) and four major US Highways (US 70, US 220, US 421, US 29) as well as Piedmont Triad International Airport (6.8 miles away.)
Recent Capital Improvements: Property has been extremely well maintained with recent capital improvements to the
roof system and HVAC systems.