Map pin2817 Westinghouse Blvd, Charlotte, NC, 28273-0161, US

CBI Distribution Center

CBI Distribution Center_Property for Sale

Attributes

Year built
2017
Building class
A
Building area net
60,000 sf
Occupancy
100%
WAULT
6.5 years
Lease type
Net lease (N/NN/NNN)

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for CBI Distribution Center (“the Property”)—a 60,000 square foot, Class A mission-critical logistics facility located in Charlotte, North Carolina. The Property is 100% leased to ONECBI, LLC, d/b/a CBI Workplace Solutions (“CBI”) with 6.5 years of lease term remaining.


Advantageously located on Charlotte’s Westinghouse Blvd, just two (2) miles from the I-485/I-77 interchange and ten (10) miles from I-85, the industrial super corridor of the Southeast, the Property benefits from exceptional connectivity to the booming Charlotte MSA and its core demand drivers, including Charlotte Douglas International Airport (CLT). Moreover, the Property is situated in Charlotte’s premier Southwest industrial submarket, the largest and most institutional submarket in the Carolinas that has seen average asking rents grow by more than 112% since 2020. Overall, CBI Distribution Center presents investors with the opportunity to acquire a rare, core small-footprint logistics facility at a basis significantly below replacement cost with future expansion upside.

...

Investment Highlights

  • HIGH REPLACEMENT COST WITH BARRIERS TO ENTRY


  • BELOW REPLACEMENT COST BASIS


  • MISSION-CRITICAL DISTRIBUTION FACILITY


  • EXPANSION UPSIDE



  • IRREPLACEABLE LOCATION IN INSTITUTIONAL SUBMARKET
CBI Distribution Center 4_Property for Sale
CBI Distribution Center 4_Property for Sale
CBI Distribution Center (0 Properties)

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Last updated
20 Mar 2024