1701 Westinghouse Blvd, Charlotte, NC, 28273-6383, US

1701 Westinghouse Boulevard

자산 설명

A 97,100 square foot industrial facility accompanied with ample leasable outdoor storage space situated in an irreplaceable, infill location in Charlotte, North Carolina. The Property is currently 100% leased to multiple tenants and features less than five (5) years of weighted average lease term remaining. The net operating income (NOI) has the ability to expand over 18% in the first three (3) years of the analysis due to strong in-place annual rent escalations and near term rollover at the Property.

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개요

건물 면적 순

9,021 제곱미터

점유율

100%

토지 총면적

6.22 헥타르

미디어

투자 하이라이트

NEAR-TERM NOI EXPANSION OPPORTUNITY

Ability to expand net-operating income (NOI) by over 18% in the first three (3) years of the analysis due to strong in-place annual rent escalations and near term rollover at the Property

ABUNDANT OUTDOOR STORAGE SPACE

The Property is situated on 15.37-acre parcel that contains four (4) acres of leasable outdoor storage space, offering highly accretive upside with minimal upkeep requirements

RARE SMALL FOOTPRINT WAREHOUSE PRODUCT

• Highly sought-after freestanding small footprint facility with strong distribution capabilities located at the heart of the Carolina's largest and Charlotte's most institutional industrial submarket

• Product ranging from 50k SF - 150k SF in the submarket is currently 97.3% occupied with a current average asking rental rate of $11.75 with 111.3% rent growth since 2021, and 132.4% rent growth throughout the entire submarket over the same period

IRREPLACEABLE LOCATION WITH CAPABLE LOGISTICS CONNECTION

• Positioned just 1.7 miles from I-485, Charlotte's outer beltway that provides immediate connectivity to the urban core and its logistics infrastructure

• Situated approximately three (3) miles from I-77, and ten (10) miles of I-85, the backbone of the Southeast that provides connection to major metropolitan areas such as Atlanta, the Piedmont Triad, Raleigh-Durham and Richmond

• Located just ten (10) miles from the Charlotte Douglas International Airport (CLT), one of the busiest airports in the country - home to the Wilson Air Center and the Norfolk Southern CLT Intermodal Terminal

ACCESS TO EXPLOSIVE CHARLOTTE MSA

• Cumulative population growth of 51% since 2000 and 4.0% projected growth in the next three (3) years

• The diversified Charlotte economy has become a magnet market for capital investment, posting over $11.9B of major economic announcements since Q1 2020