PACON MANUFACTURING + DISTRIBUTION
WILMINGTON, NORTH CAROLINA
Mission-critical facility, 100% leased with 13+ years of lease term
100 Quality Drive
Leland, NC
TOTAL SF: 336,584
ACQUISITION: June 2019
Disposition: May 2022
Edgewater Ventures successfully exited this investment in May 2022.
Pacon Manufacturing and Distribution Headquarters is a 345,584 square foot industrial campus located at 100 Quality Drive in Leland, North Carolina, part of the larger Wilmington MSA. The two-building campus is fully leased to Pacon Manufacturing Corporation on a long-term basis and touts clear heights up to 48', LED lighting and heavy power. Situated on 59.02 acres, the site can accommodate future expansion of the existing facilities or an additional industrial building, depending on tenant requirements.
Strategically positioned in a Qualified Opportunity Zone (“QOZ”), the site provides quick access to the Port of Wilmington, Wilmington International Airport (ILM), Wilmington Terminal Railway (WRTY) and Interstate 40.