A Raleigh investment firm has quietly muscled its way deeper into the Piedmont Triad, shelling out $9.29 million this week for a sprawling industrial park in High Point. The deal covers multiple buildings at Universal Industrial Park along East Martin Luther King Jr. Drive and marks a notable expansion of the buyer’s footprint in the region.
According to the Triad Business Journal, Raleigh-based Property Resources paid $9.29 million for Universal Industrial Park. The transaction, which closed this week, is the firm’s third major Piedmont Triad purchase since last July, the outlet reported.
Campus and location
Listing materials from Commercial Realty Advisors and a LoopNet listing describe Universal Industrial Park as a five-building campus on roughly 41 acres with about 392,000 square feet of industrial space. That includes a roughly 70,000-square-foot warehouse at 2325 E. Martin Luther King Jr. Drive. The site sits next to I‑74 and US‑311 and is minutes from the High Point Furniture Market, a mix that brokers say keeps demand humming for warehouse and outdoor-storage users.
Why investors are circling the Triad
Regional listings and market pages indicate investors are still hunting the Triad for relatively affordable industrial properties along key freight corridors, creating room for buyers focused on cash flow rather than flash. Several commercial property pages point to steady leasing and recent manufacturing investments across High Point and neighboring Greensboro and Winston‑Salem, reinforcing the submarket’s pull for distribution and light industrial users, according to CommercialSearch.
The buyer’s immediate plans for the High Point campus have not surfaced in public filings. Listing materials available before the sale highlighted an assumable loan and price guidance that would have made the property especially tempting for investors focused on cash yield. Analysts say the deal is one more example of outside capital quietly scooping up smaller industrial campuses in the Piedmont Triad.
