Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Landscaping
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General Contractor
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Gym & Fitness Center
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Carpet & Flooring Store Hardware & Home Improvement
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Carpet Cleaning Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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