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650 Atando Ave

3,024 SF Office Building Charlotte, NC 28206 £587,805 (£194/SF) 7.25% Net Initial Yield

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Executive Summary

Tenant with 6 year lease. 3% annual escalations
Fully Renovated Flex/Industrial 3,000sf building available for sale in Charlotte, NC near I-85, I-77, I-485 and Uptown Charlotte.
The building +/- 3,024 SF on +/- 0.176 acres. This is a great opportunity surrounded by other industrial.
2 New Trane HVAC units, New Windows all around, New Roofing, Industrial closed cell roofing insulation, New Gutters all around.
New Asphalt, New Garage doors with new electric openers.
All New paint inside and out. New Drop Ceilings, New LED Lights.
All New Electrical with new Panel 240 (150Amp) 2 Phase
Full inside and outside remodeling completed in 2024 including plumbing, HVAC, electrical, etc.
Clean Recent Environmental Report, Survey and Title.
Has 2 Loading Docks

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£42,661	£14.11
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£42,661	£14.11
Net Operating Income	-	-

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£42,661
Annual Per SF	£14.11

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£42,661
Annual Per SF	£14.11

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Tenants option to buy property

Property Type

Office

Property Subtype

Loft/Creative Space

Building Size

3,024 SF

Building Class

Year Built/Renovated

1950/2024

Price

£587,805

Price Per SF

£194

Net Initial Yield

7.25%

NOI

£42,606

Tenancy

Single

Number of Floors

Typical Floor Size

3,024 SF

Building FAR

0.39

Land Acres

0.18 AC

Opportunity Zone

Yes

Zoning

I2 ML-2 I-2 - ML-2 (New UDO) I2 Zoning or Hi (heavy Industrial) I-2 = Industrial (general industrial) Reference link: https://charlotteudo.org/zoning-translation/

Parking

15 Spaces (5 Spaces per 1,000 SF Leased)