Cushman & Wakefield, as exclusive advisor, is pleased to offer the opportunity to acquire the Excel Interior Door Manufacturing & Distribution Center (the “Property”), a newly built, 144,000 square foot manufacturing and distribution facility located in the high barrier to entry, rapidly growing Piedmont Triad market. The Property is fully leased to Excel Interior Door, an expanding wood residential interior door manufacturer, with 11.3 years of term remaining and 3.5% annual escalations. This state-of-the-art manufacturing facility features 32’ clear heights, LED lighting, ESFR sprinklers, and a Class A office build out.
The Property is ideally located in the established Union Cross Industrial Market, which is comprised of Union Cross Business Park (403 acres) and Union Cross Industrial Center (300 acres). Union Cross is home to institutional ownership and numerous nationally recognized tenants such as Caterpillar, Pepsi, Waste Management, Liberty Hardware, Ziehl-Abegg and BekaertDeslee USA. Positioned less than a mile from Interstate 74 and 2 miles from Interstate 40, the Property benefits from exceptional access to the Triad’s major transportation arteries, as well as the Piedmont Triad International Airport, making this a highly desirable distribution hub for name brand global and national companies.
Overall, the offering represents an incredible opportunity to acquire an irreplaceable core industrial asset with long-term stable cash flow in the booming Piedmont Triad Market.