220 Westinghouse Blvd Unit 408 Charlotte NC | 220 Westinghouse Blvd
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220 Westinghouse Blvd Unit 408 Charlotte NC 220 Westinghouse Blvd
1,245 SF 100% Leased Office Building Charlotte, NC 28273 £256,753 (£206/SF)
Investment Highlights
- Close Proximity to I-485 and I-77.
- Newly Renovated in 2023, Paint and LVP Flooring.
- Tenant in Place Thru 8/31/2026 with 3% Annual Escalation.
- Close Proximity to Downtown Charlotte and Airport.
- New HVAC Unit 2020.
Executive Summary
Prime location within close proximity to I-485 and I-77. Convenient to Airport and Downtown Charlotte. This office was renovated in 2023 with new paint, LVP flooring throughout and new HVAC in 2020. Which square footage of 1,245, this office, consist of three offices, reception area, workstation/conference room and restroom. There is a tenant in place, Cornerstone Staffing Solutions through 8/31/2026 with 3% annual escalation.
Secondary type could be industrial, loading dock in the back.
Space for sale is 1,245 square feet.
Secondary type could be industrial, loading dock in the back.
Space for sale is 1,245 square feet.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£14,403
|
£1.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£14,403
|
£1.75
|
| Taxes |
£1,185
|
£0.14
|
| Operating Expenses |
£2,086
|
£0.25
|
| Total Expenses |
£3,271
|
£0.40
|
| Net Operating Income |
£11,132
|
£1.35
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £14,403 |
| Annual Per SF | £1.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £14,403 |
| Annual Per SF | £1.75 |
| Taxes | |
|---|---|
| Annual | £1,185 |
| Annual Per SF | £0.14 |
| Operating Expenses | |
|---|---|
| Annual | £2,086 |
| Annual Per SF | £0.25 |
| Total Expenses | |
|---|---|
| Annual | £3,271 |
| Annual Per SF | £0.40 |
| Net Operating Income | |
|---|---|
| Annual | £11,132 |
| Annual Per SF | £1.35 |
Property Facts
Sale Type
Investment
Property Type
Building Size
1,245 SF
Building Class
C
Year Built
1998
Price
£256,753
Price Per SF
£206
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
1,245 SF
Land Acres
34.32 AC
Zoning
I-2 - Industrial. Office
Parking
25 Spaces (20.08 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Conferencing Facility
- Convenience Store
- Day Care
- Signage
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | £1,125,922 (2023) | |
| Land Assessment | £0 (2023) | Annual Taxes | £1,185 (£0.95/sf) |
| Improvements Assessment | £1,125,922 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0 (2023)
Improvements Assessment
£1,125,922 (2023)
Total Assessment
£1,125,922 (2023)
Annual Taxes
£1,185 (£0.95/sf)
Tax Year
2024
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220 Westinghouse Blvd Unit 408 Charlotte NC | 220 Westinghouse Blvd
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