1700 Industrial Center
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1700 Industrial Center
21,900 SF 100% Leased Light Industrial Building Charlotte, NC 28213 £4,493,355 (£205/SF) 7% Net Initial Yield
Investment Highlights
- Modern Construction: The property features contemporary design and construction, with the use of high-quality materials.
- Fully Leased: The property is 100% leased, offering a steady stream of rental income and mitigating vacancy risk.
- Loading Facilities: Equipped with oversized drive-in bays to support efficient operations that accommodate oversized vehicles, trucks/vans.
- The newly built nature of the property assures minimal maintenance and compliance with the latest building codes.
- Versatile Layout: Comprising of both office and warehouse space, the property is designed to accommodate a variety of business uses.
Executive Summary
Rare opportunity for investors to acquire a newly constructed, fully leased small bay flex property in Charlotte’s University Area. With strong in-place rents and built-in escalations, this property promises a stable and profitable income stream.
Situated in the highly sought-after University area, known for major retail and dining options, and key transportation routes, including Interstate 85, Interstate 485 and the light rail system, make this offering an ideal choice for businesses requiring efficient logistics to both the local and regional markets within the Charlotte MSA. The area is a focal point for commercial growth and development, benefiting from a strong economic presence and access to a highly educated and skilled workforce.
Situated in the highly sought-after University area, known for major retail and dining options, and key transportation routes, including Interstate 85, Interstate 485 and the light rail system, make this offering an ideal choice for businesses requiring efficient logistics to both the local and regional markets within the Charlotte MSA. The area is a focal point for commercial growth and development, benefiting from a strong economic presence and access to a highly educated and skilled workforce.
Property Facts
| Price | £4,493,355 | Lot Size | 2.61 AC |
| Price Per SF | £205 | Rentable Building Area | 21,900 SF |
| Sale Type | Investment NNN | Number of Floors | 1 |
| Net Initial Yield | 7% | Year Built | 2023 |
| Property Type | Light Industrial | Level Access Doors | 10 |
| Property Subtype | Light Distribution |
| Price | £4,493,355 |
| Price Per SF | £205 |
| Sale Type | Investment NNN |
| Net Initial Yield | 7% |
| Property Type | Light Industrial |
| Property Subtype | Light Distribution |
| Lot Size | 2.61 AC |
| Rentable Building Area | 21,900 SF |
| Number of Floors | 1 |
| Year Built | 2023 |
| Level Access Doors | 10 |
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PROPERTY TAXES
| Parcel Number | 097-223-05 | Improvements Assessment | £965,787 |
| Land Assessment | £199,636 | Total Assessment | £1,165,423 |
PROPERTY TAXES
Parcel Number
097-223-05
Land Assessment
£199,636
Improvements Assessment
£965,787
Total Assessment
£1,165,423
zoning
| Zoning Code | I-1(CD) |
| I-1(CD) |
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Phil Chambers -
Lat Purser & Associates, Inc.
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1700 Industrial Center
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