EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE INDUSTRIAL … · EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE...
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EXCLUSIVE MULTIFAMILY OFFERING EXCLUSIVE INDUSTRIAL OFFERING OFFERING SUMMARY Price $8,450,000 Down Payment All Cash Rentable SF 57,433 Year Built 2006 Parcel Size 5.7 acre(s) Price/SF $147.13 AIRPORT COMMERCE PARK 5241-5253 OLD DOWD ROAD CHARLOTTE, NC 28208 § Best in Class Property in the Area with 24' Clear Ceiling Heights § Historic High Stable Occupancy § Low Risk Stable Income § Strong Industrial Market With 29.0 Percent Growth in Past Three Years § High Barrier Entry for New Development in Submarket § Last Mile into Charlotte Douglas International Airport INVESTMENT HIGHLIGHTS PROPERTY INVESTMENT SUMMARY CAP Rate 6.01% Net Operating Income $507,580 Net Cash Flow After Debt Service $507,580 Total Return 6.01% / $507,580 EXCLUSIVELY LISTED BY: Scott C. Sandelin First Vice President Investments Tel: (786) 522-7009 License: FL SL636794 [email protected] www.marcusmillichap.com/ScottSandelin Nicholas Lore Associate Member, National Office and Industrial Properties Group Tel: (704) 831-4643 Licenses: SC 101125, NC 289687 [email protected] www.marcusmillichap.com/NickLore This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0390710 Property ID: 4981841)
Transcript of EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE INDUSTRIAL … · EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE...
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE INDUSTRIAL OFFERING
OFFERING SUMMARYPrice $8,450,000Down Payment All CashRentable SF 57,433Year Built 2006Parcel Size 5.7 acre(s)Price/SF $147.13
AIRPORT COMMERCE PARK5241-5253 OLD DOWD ROADCHARLOTTE, NC 28208
§ Best in Class Property in the Area with 24' Clear Ceiling Heights
§ Historic High Stable Occupancy
§ Low Risk Stable Income
§ Strong Industrial Market With 29.0 Percent Growth in Past Three Years
§ High Barrier Entry for New Development in Submarket
§ Last Mile into Charlotte Douglas International Airport
INVESTMENT HIGHLIGHTS
PROPERTY INVESTMENT SUMMARY
CAP Rate 6.01%Net Operating Income $507,580Net Cash Flow After Debt Service $507,580Total Return 6.01% / $507,580
EXCLUSIVELY LISTED BY:
Scott C. SandelinFirst Vice President InvestmentsTel: (786) 522-7009License: FL SL636794scott.sandelin@marcusmillichap.comwww.marcusmillichap.com/ScottSandelin
Nicholas LoreAssociateMember, National Office and Industrial Properties GroupTel: (704) 831-4643Licenses: SC 101125, NC [email protected]/NickLore
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0390710 Property ID: 4981841)
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE INDUSTRIAL OFFERING
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
AIRPORT COMMERCE PARK 5241-5253 OLD DOWD ROAD CHARLOTTE, NC 28208
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0390710 Property ID: 4981841)
Marcus & Millichap is pleased to exclusively offer for sale Airport Commerce Park, 5241 – 5253 Old Dowd Road, a 57,433-square foot industrial complex situated on over five acres, in Charlotte, North Carolina. The Airport Commerce Park property is a highly desirable industrial flex space complex comprised of three separate free-standing buildings on a property that has been meticulously maintained. It is in a land-scarce environment adjacent to the Charlotte Douglas International Airport as well as Interstates 77,485 and 85. The property has a stable and well curated tenant mix with national, regional and local tenants. It is considered best in class for the surrounding area. The property offers an owner tremendous flexibility now and into the future. The versatile layout can offer an owner and/or user contiguous space options ranging from 1,500 to almost 30,000 square feet.
