Investment / Owner - User Industrial 315 Cassell St

315 Cassell Street is a 114,573 SF, well-positioned warehouse/distribution building on 4.15-acre site located in the Southeast Forsyth Market which is the strongest sub-market in Winston-Salem. The building is under 5 minutes to the two major interstates surrounding WS in addition to the major I-285/I-40 inter-state loop allowing for easy distribution to many surrounding markets. The Property is 100% leased to South Atlantic Packaging Corporation (or the "Tenant"), with three (3) months of lease term remaining. The tenant has multiple other locations in North Carolina and is consolidating their footprint. With such below market in place rents(30%+ below market), lack of inventory of this size in the market, a phenomenal location, an investor will experience rent appreciation with a great mark-to- market opportunity and will have income coming in while marketing for lease.
The Property is well located immediately off Interstate 285 which has a daily traffic count of +/- 57,000 vehicles per day, providing access to the dense surrounding population in the heart of Winston-Salem, NC. The building is also within 5 minutes of I-40 which sees + / -98,500 vehicles per day. With the ease of entry into the many neighboring and primary markets, various potential tenants can efficiently and effectively work with the freight operators to cutdown on inbound and outbound inventory requirements. 315 Cassell Street is a key facility for a large pool of tenants due to these above factors.