Cushman & Wakefield, as exclusive advisor, is pleased to offer the opportunity to acquire 18400 & 18300 Fieldcrest Road (“the Property”), a two-building, 559,397 square foot offering located in Laurel Hill, North Carolina along the Interstate 74 corridor. The opportunity provides investors the unique ability to purchase two highly functional industrial assets at a significant discount to replacement cost, while also providing robust in-place cash flow from a brand-name tenant and significant mid-term upside.

Both facilities are currently 100% occupied by Hanesbrands Inc. (NYSE: HBI), which has operated in the 18400 building since 2008 and subsequently expanded into the 18300 building in 2015, demonstrating the company’s commitment to the location. With 3.8 years of remaining lease term and in-place rents 39% below market, investors are presented with the ability to capitalize on a mark-to-market opportunity on the heels of historically strong market fundamentals. The Carolinas’ outlying industrial markets are currently 96.7% occupied across Class A/B, single-tenant buildings, greater than 200,000 square feet.

The facilities are located at a logistical midpoint of North Carolina on Interstate 74 between Charlotte, NC and Wilmington, NC. Additionally, the property enjoys convenient access to Interstate 95, the East Coast’s main north-south corridor, providing access to 40% of the US population and world class port infrastructure such as the ports of Charleston, Savannah, Virginia and Wilmington. The facilities feature approximately 20’ – 32’ clear heights, 37 dock doors, 2 grade-level doors, abundant auto and trailer parking and have recently experienced over $3 million in capital upgrades.