Executive Summary
Avison Young North Carolina, LLC, as exclusive broker, is pleased to present the opportunity to acquire 8814 W Market Street, a 66 door Truck Terminal located on 10.37 acres in Greensboro, NC. The property is 100% leased to Carvana who subleased the building to Aspire Lines, a regional logistics provider servicing Amazon. With a 60’ depth, 66 loading positions and an additional 71 trailer parking spaces, the building offers exceptional functionality for freight & logistics operations. New ownership will benefit from immediate cash flow and the opportunity to mark rents to market within three (3) years as the in-place rental rate is approximately 44% below market. Additionally, current tenancy is entrenched after recent capital investments towards truck court improvements as well as building updates.
Strategically located in 2nd largest Carolinas industrial submarket, the property is poised for long-term tenancy with a regional tenant base of ±249 MSF. The Greensboro market is currently home to twenty-seven (27) existing truck terminals of which 77% are owner occupied, creating high barriers-to-entry and limiting future leasing competition.
Offering Overview
Investment Highlights
Location Highlights
