1118 W Craighead Rd
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1118 W Craighead Rd
37,335 SF Industrial Building Charlotte, NC 28206 £8,537,970 (£229/SF) 5.84% Net Initial Yield
Investment Highlights
- The industrial building is situated in a highly desirable location in Charlotte, offering easy access to key transportation routes and amenities.
- Located in an Opportunity Zone, investors can take advantage of tax incentives and capital gains benefits.
- The property is fully leased to Palfinger, a credit tenant, providing a stable and reliable income stream for potential investors.
- The building's power system was updated, ensuring modern infrastructure and increased efficiency for tenants.
Executive Summary
This investment opportunity for single tenant industrial asset. Great for 1031 exchange client.
Property Facts
| Price | £8,537,970 | Rentable Building Area | 37,335 SF |
| Price Per SF | £229 | Number of Floors | 1 |
| Sale Type | Investment | Year Built/Renovated | 1981/2022 |
| Net Initial Yield | 5.84% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 3.88/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 25 ft |
| Building Class | B | Level Access Doors | 17 |
| Lot Size | 5.78 AC | Opportunity Zone |
Yes
|
| Price | £8,537,970 |
| Price Per SF | £229 |
| Sale Type | Investment |
| Net Initial Yield | 5.84% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.78 AC |
| Rentable Building Area | 37,335 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1981/2022 |
| Tenancy | Single |
| Parking Ratio | 3.88/1,000 SF |
| Clear Ceiling Height | 25 ft |
| Level Access Doors | 17 |
| Opportunity Zone |
Yes |
Amenities
- Fenced Lot
- Signage
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 087-041-20 | Improvements Assessment | £1,142,835 |
| Land Assessment | £1,106,568 | Total Assessment | £2,249,403 |
PROPERTY TAXES
Parcel Number
087-041-20
Land Assessment
£1,106,568
Improvements Assessment
£1,142,835
Total Assessment
£2,249,403
zoning
| Zoning Code | ML-2 (ML-2 ML2 Industrial suitable for industrial outside storage and truck terminal) |
| ML-2 (ML-2 ML2 Industrial suitable for industrial outside storage and truck terminal) |
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1118 W Craighead Rd
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