1700 Industrial Center Cir Charlotte, NC 28213

Property Details for 1700 Industrial Center Cir

Year built

2023

Lot size

2.56 lot acres

Property size

21,900 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a 21,900 square foot, fully leased flex property in Charlotte, North Carolina's University Area. Built in 2023, this two-building complex boasts 10 individual units, each offering a versatile blend of office and warehouse space, ideal for diverse business needs. The property features 10 loading docks, accommodating efficient logistics and high-volume operations. Ceiling heights range from 16 to 25 feet, providing ample vertical space. Situated on a 2.56-acre lot, the property is zoned I1(CD), allowing for a variety of uses. The current 100% occupancy ensures a stable and immediate income stream, with a strong net operating income (NOI) of $398,670 and a compelling 7.00% capitalization rate. This modern, well-maintained property offers a low-risk, high-return investment opportunity with minimal maintenance requirements. The contemporary design and high-quality construction ensure long-term value and appeal to tenants. The property's location in Charlotte's thriving University Area provides excellent access to major transportation routes and a skilled workforce. This is a turnkey investment perfect for those seeking immediate cash flow and long-term appreciation. The asking price is $5,695,000.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Longitude

-80.7609

Latitude

35.2589