2900 Lowery Street_Property for Sale
2900 Lowery Street_Property for Sale
Lowery Street 2900, Winston-Salem, NC, 27101, US

2900 Lowery Street

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for 2900 Lowery Street (“the Property”), a 162,442 square foot cold-storage warehouse and distribution facility located in the fundamentally strong Greensboro-Winston-Salem-High Point (“Triad”) industrial market. The opportunity is being marketed as a negotiable, short-term triple-net sale leaseback to La Tortilleria, Inc., doing business as Purple Crow LLC, one of the largest Hispanic food distribution companies in the Southeast.


Positioned adjacent to US-421 and just four (4) miles from downtown Winston-Salem, the Property benefits from outstanding regional connectivity and distribution capabilities via a network of interstates including I-40, I-73 and I-285. The Property has been expanded to include a state-of-the-art package Freon refrigeration system with capacity for up to ±69,000 SF of cold-storage space, ±14,000 SF of office space and recently replaced 60mil TPO roof membranes carrying 20-year warranties. Demand and profitability for cold storage properties is at an all-time high due to the rise of online grocery shopping and the surging prominence of e-commerce, making cold storage warehouse properties highly desirable. As investors and users look to adhere to more stringent ESG requirements, state-of-the-art buildings, like 2900 Lowery Street, offer cost savings in utilities, better overall efficiency, and technological benefits that are absent from older buildings. Overall, 2900 Lowery Street presents investors with the opportunity to acquire a functional and newly outfitted cold storage asset in a highly desirable logistics location with a negotiable short-term NNN sale-leaseback.

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Attributes

Building area gross
15,091 sm
Occupancy
100%

Media

Investment highlights

  • SHORT-TERM SALE-LEASEBACK OPTIONALITY


  • HIGHLY-FUNCTIONAL COLD STORAGE FACILITY WITH RECENT CAPITAL UPGRADES


  • CAPABLE DISTRIBUTION LOCATION


  • HIGH PERFORMING INDUSTRIAL MARKET


  • THRIVING COLD STORAGE MARKET


2900 Lowery Street 4_Property for Sale
2900 Lowery Street 4_Property for Sale

Contact brokers

2900 Lowery Street (0 Properties)

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Last updated
Apr 17, 2024