Realterm today announced the acquisition of a 66-door truck terminal located at 8814 W. Market Street in Greensboro, NC.
The 10.4-acre property features a 22,998-square-foot warehouse with 3,250 square feet of office space. The strategically located facility includes 66 loading positions, 71 trailer parking spaces, a 2,080-square-foot drive-thru maintenance facility and an on-site fueling station. The fully secured property is completely paved and illuminated, with a dedicated ingress/egress point.
Situated in the heart of the Triad region, where industrial occupancy rates exceed 95% and rents have grown by more than 44% since 2020, the property offers excellent access to major transportation arteries including I-40, I-85 and I-74.
"Greensboro is ideally situated halfway between New York and Florida and halfway between Washington DC and Atlanta, making it a strategic transportation hub for logistics users," said Arnie Capute, Vice President, Investments, East Region, Realterm. "We remain focused on acquiring differentiated industrial outdoor storage/truck terminal assets in top markets across the country."
Chris Loyd and Chris Skibinski of Avison Young facilitated the transaction and represented the seller.