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Single-Tenant, Triple-Net-Leased Industrial Facility in Wilkesboro Trades for $7M
JLL has closed the $7.4-million sale of an 80,000-square-foot, single-tenant industrial facility triple net leased to InterFlex Group in Wilkesboro, NC. Gladstone Commercial Corporation acquired the asset.
A JLL team of Pete Pittroff, Patrick Nally, Dave Andrews, Zach Lloyd, Michael Scarnato and Josh McArdle represented the seller, Agrecel, Inc.
Situated on 9.2 acres at 251 Industrial Dr., the property serves as a mission-critical manufacturing and distribution facility that was built-to-suit in 2014 for InterFlex. With 12.7 years of remaining lease term, the tenant uses the facility for its manufacturing and distribution of packaging products, and the property is less than two miles from its North American headquarters.
The facility is 58 miles west of Winston-Salem and 77 miles north of Charlotte for easy access to the critical infrastructure of the largest MSAs in the state. It is also accessible to I-85, considered the industrial backbone of the Southeast.
- ◦Sale/Acquisition
