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Multi-Tenant Flex Space Portfolio
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15050 Choate Circle, Charlotte, NC 28273

Two industrial properties offer NNN leasing with one asset fully leased and the other partially occupied.

Property Size139,042 SF
Days on Market144

Property Features for 15050 Choate Circle

General Information

Standard status Active
Size 139,042 SF
Property subtype Industrial

Building Details

Tenancy Multi
Listing Agency: Blanq Real Estate
Listed By: Clifford Blanquicet Jr · License #NC 281011
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blanq Real Estate

Investment Insights

Based on property information with market context.

This two-property flex and industrial portfolio totals approximately 139,042 SF across complementary asset profiles. The 1814 Westinghouse Blvd component includes two Class A buildings completed as a flex park on 8 acres, with current occupancy of 29%. The 14301 S Lakes Dr property contains approximately 35,542 SF of multi-tenant light distribution space and is fully leased.

Both assets are located in the South Charlotte area, with the distribution property situated within South Point Business Park. The portfolio may be acquired as a combined offering or on an individual-property basis. The investment is structured with NNN leases, and the fully leased component carries a 6.94% cap rate.

Key Highlights

  • Approximately 139,042 SF across 2 industrial properties
  • NNN portfolio with one fully leased property
  • 1814 Westinghouse Blvd: approximately 103,500 SF across 2 Class A buildings on 8 acres

Property Analytics

Current Use

Simon & Watson Construction Construction Company Dunstone Company, Inc. Industrial Manufacturer eFACTOR3 Big Box & Wholesale Store Lundberg Specialty Services Roofing Company 3 Keys Wine ... Brewery & Distillery

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Hair Salon Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

309
Businesses Nearby
Well-served
Demand for This Use

Demographics for 28273, NC

41,404
Population
19,236
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,840
Density / Sq Mi
$84,739
Median Household Income
$45,193
Median Earnings
$1,671
Median Rent
$304,900
Median Home Value

Market

Vacancy Rate% for Industrial in Charlotte, NC

6.2% 2019
7.9% 2020
3.1% 2021
2.5% 2022
4.5% 2023
8.3% 2024
8.1% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Two industrial properties offer NNN leasing with one asset fully leased and the other partially occupied.
Where is this flex space located?
The property is located at 15050 Choate Circle Charlotte, NC.
What are key features of this property?
This property features: Approximately 139,042 SF across 2 industrial properties; NNN portfolio with one fully leased property; 1814 Westinghouse Blvd: approximately 103,500 SF across 2 Class A buildings on 8 acres
(704) 727-6202 Call to check price and availability
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