Leased to Packaging Corp/America (formerly Georgia Pacific) since 1978 on long term renewable 5 year leases with current lease expiring in 7/2013.Additional 5 years already negotiated until 7/2018 for a 10 year gross rent of $987,000. Great 1031 exchange potential. Owner maintains exterior and payfirst $2000 of insurance and $1000 maintenance. Wet sprinkler system on a 14 inch main. Tenant pays taxes, insurance, utilities and maintenance.
Off market
Street View
$954,200
321 Industrial Park Rd, Rutherfordton, NC 28139
1beds
1baths
362sqft
SingleFamily
Built in ----
8.06 Acres Lot
$-- Zestimate®
$2,636/sqft
$820 Estimated rent