{"id":180,"date":"2013-07-23T13:20:52","date_gmt":"2013-07-23T17:20:52","guid":{"rendered":"http:\/\/www.dowellcommercial.com\/?page_id=180"},"modified":"2026-04-17T08:31:00","modified_gmt":"2026-04-17T12:31:00","slug":"investment","status":"publish","type":"page","link":"https:\/\/www.dowellcommercial.com\/?page_id=180","title":{"rendered":"Investment"},"content":{"rendered":"

Dowell Commercial has mostly sold its listed investment properties.\u00a0 Should you be a buyer of such assets or interested in listing your property, please reach out to DCR for assistance<\/a>.\u00a0 We have the expertise and market knowledge to perform in both roles.<\/p>\n

Gibsonville Square in Minneola Mill @ 110 – 130 Railroad Avenue, Gibsonville (Guilford County)<\/strong><\/p>\n

Value add, industrial \/ retail, 131K SF for sale.\u00a0 Improved property in lease up with 45% long established tenants and also additional short term tenants.\u00a0 NOI in 2024 during building repair was $183K. \u00a0 NOI in 2025 was approx. $237K and increases in 2026 with new tenants. \u00a0Property is on the market for lease also in pursuit of its long term solution.\u00a0 Asset to be converted to an investment sale, if leased prior to sale.\u00a0 Asking price is under $40 SF for this improved asset with in place income.\u00a0 See property flyer for additional details.\u00a0 Full details available with an executed confidentially agreement.<\/p>\n

Gibsonville Square Flyer 131K Sale<\/a><\/p>\n

SUCCESSES<\/p>\n

SOLD 1Q23 (Seller Representation): <\/strong>Industrial (re)Development @ 200 North 13th Street, Erwin (Harnett County) \u00a0
\n<\/strong><\/p>\n

Turn of the century -1980\u2019s mixed use campus of approx. 1,075,000 SF on 56 acres.\u00a0 In 2016, DCR received this listing after the site sat on the market for numerous years under another professional CRE firm.\u00a0 In 2017, Sean Dowell did a call for offers which resulted in 5+ unacceptable offers. The Erwin mill property had a non-performing test well and generated only cash buyers.\u00a0 The market had spoken.\u00a0 To overcome this issue, ownership embarked on a five year effort for brownsfields with a cost of approx. $4 million dollar.\u00a0 In the meanwhile, the p<\/span>roperty carried itself with income <\/span>from 30+ tenants <\/span>in its leasable 468K SF. \u00a0 This is while 56% and <\/span>606K SF of this campus sat vacant due to mixed condition issues.\u00a0 Being proactive in aligning a future redevelopment, DCR both a) leased up this property to full capacity, improving tenant quality where possible, and b) entitled it with the State Historic Preservation Office by getting this property on the NC Study List.\u00a0 In 3Q22, DCR performed a second call for offers<\/a> highlighting a pending 4Q22 brownsfield approval and an excessive amount of details in an extensive due diligence package.\u00a0 With relevant question answered, this generated numerous acceptable buyer parties and offers.\u00a0 In February 2023, this property sold for $9,500,000.\u00a0 <\/span><\/p>\n

SOLD 4Q21 (Buyer Representation)<\/strong>: Sale of Land and Historic Minneola Mill @ 106 Railroad Avenue, Gibsonville (Guilford County)<\/p>\n

Dowell Commercial Realty represented developers Third Wave Housing<\/a>, Core Properties<\/a>, and their partners on a 381K SF historic purchase.\u00a0 This multi-tenant, turn of the century mill composes 60% of downtown Gibsonville and has 20+ tenants.\u00a0 While it has primarily industrial uses at the time of sale, this value add redevelopment will be repositioned for best and highest uses over multiple years. This purchase also included 17 acres of vacant land adjacent to Gibsonville\u2019s downtown.\u00a0 All in all, this is a second and final purchase of Minneola Mill.\u00a0 In 2019, this group also purchased 58K SF of this mill through DCR.\u00a0 For details on this initial purchase, see its case study<\/a>.<\/p>\n

SOLD 4Q15 (Buyer Representation)<\/strong>: Town Center Shopping Center at 231 Burke Street, Gibsonville (Guilford County)<\/p>\n

Dowell Commercial Realty worked on behalf of local investors Dave and Chantelle Stoughton to purchase this approx. 32K SF retail shopping center.\u00a0 At the time of sale, this value add asset was part of a larger bankruptcy portfolio and was long vacant.\u00a0 After the sale, Dowell Commercial also aid these investors with city incentives.\u00a0\u00a0 This property is now leased to anchor Family General and LabCorp.<\/p>\n

SOLD 2Q15 (Seller Representation): <\/strong>Revolution Millhouse, Greensboro (Guilford County)<\/p>\n

Dowell Commercial Realty represented property ownership of this 180,000 SF national register mill in 2014.\u00a0 This asset was on the market as an investment sale of a 337 unit self storage complex for $1.8 million dollar (a sales price based on NOI from this business).\u00a0 DCR located a reputable, out of market self storage company who contracted this property for $1.6 million dollars in 2014.\u00a0 As this asset was impacted by a chapter 11 disposition case of ownership, this asset could convey to either 1) the note holder \/ lender (Self Help Credit Union) or 2) be sold to the DCR located purchaser.\u00a0 Settlement of this case was concluded in 1Q\/2Q15 and this asset conveyed to the note holder \/ lender in this chapter 11 case.\u00a0 For more information, see Press: Triad Business Journal Article (April 8, 2015)<\/a><\/p>\n

SOLD 3Q14 (Mutual Listing Seller \/ Landlord Representation): <\/strong>1101 Hamlin Road, Durham (Durham County)<\/p>\n

Disposition of an 325,000 SF prior Mitsubishi circuit manufacturing facility converted to R&D industrial space.\u00a0 At time of sale, building was the national corporate headquarters of KBI Biopharma<\/a>, a 145,000 SF R&D office tenant.\u00a0 During the time Marcus & Millichap were the investment sale listing brokers, Dowell Commercial simultaneously possessed the listing for the leasing of building vacant space (107,350 SF of office \/ lab space).\u00a0 DCR brought in numerous potential tenants including a serious 10,000+ SF, ten year industrial tenant (with pending growth to 22,500 SF within five years) and a Fortune 500 full vacancy user.\u00a0 Due to the complications of this property being a chapter 11 disposition, leasing at this property was delayed.\u00a0 Overall M&M and DCR worked in conjunction to aid this seller in successful disposition of this investment sale asset.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dowell Commercial has mostly sold its listed investment properties.\u00a0 Should you be a buyer of such assets or interested in listing your property, please reach out to DCR for assistance.\u00a0 We have the expertise and market knowledge to perform in …<\/p>\n

Investment<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-180","page","type-page","status-publish","hentry"],"yoast_head":"\nDowell Commercial Real Estate Investment Properties<\/title>\n<meta name=\"description\" content=\"NC real estate investment listings. 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