3140 W Arrowood Rd - Office FOR SALE


Charlotte, NC 28273
$22,289,004 USD
646-841-0627
3140 W Arrowood Rd, Charlotte, NC for Sale
$22,289,004 USD
Office - FOR SALE
1/7
null | 8% Cap Rate

3140 W Arrowood Rd
Charlotte, NC 28273


HIGHLIGHTS

  • Strategic & Critical Asset
  • Extensive Recent Capital Improvements
  • Corporate Lease by National Operator (NASDAQ: CHTR)
  • Long Term Occupancy w/ Extensive Tenant Investment
  • 2023 Lease Extension
  • Top U.S. Growth Market

OVERVIEW

Northmarq Commercial, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 3140 Arrowood Rd in Charlotte, NC 28273 (the “Property”), a 113,600-square-foot call center and warehouse facility that is fully leased to Spectrum Southeast, LLC (the “Tenant”) – a wholly-owned subsidiary of Charter Communications (NASDAQ: CHTR). The Tenant, who has operated out of the Property since its construction as a build-to-suit in 2001, recently recommitted to the Property with a lease renewal that extends its lease to June 2031 (6.5-Year WALT). Charter Communications is a leading broadband connectivity company and cable operator that, through its Spectrum brands, serves over 32 million customers in 41 states. In 2022, the company earned $54 billion in revenue and is rated “BB+” by S&P Global Ratings.

FOR SALE DETAILS

PRICE

$22,289,004 USD

PRICE/SF

$196 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

616

LAND DETAILS

LAND ACRES

13.53 AC

LAND SF

589,367 SF

ZONING

BPCD

APN/PARCEL ID

201-451-10

ASK ABOUT THIS PROPERTY

Jason MaierNorthmarqMore Info
646-841-0627

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Jason MaierNorthmarqMore Info
646-841-0627

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