1700 Industrial Center - Light Distribution FOR SALE


Charlotte, NC 28213
$5,695,000 USD
704-516-7731
1700 Industrial Center, Charlotte, NC for Sale
$5,695,000 USD
Light Distribution - FOR SALE
1/23
null | 7% Cap Rate

1700 Industrial Center
Charlotte, NC 28213


HIGHLIGHTS

  • Modern Construction: The property features contemporary design and construction, with the use of high-quality materials.
  • The newly built nature of the property assures minimal maintenance and compliance with the latest building codes.
  • Fully Leased: The property is 100% leased, offering a steady stream of rental income and mitigating vacancy risk.
  • Versatile Layout: Comprising of both office and warehouse space, the property is designed to accommodate a variety of business uses.
  • Loading Facilities: Equipped with oversized drive-in bays to support efficient operations that accommodate oversized vehicles, trucks/vans.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,695,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

10

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.61

LAND SF

113,753

ZONING

I-1(CD)

APN/PARCEL ID

097-223-05

ASK ABOUT THIS PROPERTY

Phil ChambersLat Purser & Associates, Inc.More Info
704-516-7731

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Phil ChambersLat Purser & Associates, Inc.More Info
704-516-7731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.