10420-10440 John Price Rd - Light Manufacturing FOR SALE


Charlotte, NC 28273
$18,000,000 USD
704-621-4982
10420-10440 John Price Rd, Charlotte, NC for Sale
$18,000,000 USD
Light Manufacturing - FOR SALE
1/15
null | 6.05% Cap Rate

10420-10440 John Price Rd
Charlotte, NC 28273


HIGHLIGHTS

  • Newly built Class A industrial flex property totaling 61,517 SF across three buildings.
  • Fully leased with a strong tenant mix and a weighted average lease term of 2.94 years.
  • Modern design featuring 24-foot clear heights, 14 dock doors, and 6 drive-in doors.
  • Strategic location near Westinghouse Boulevard with convenient access to I-77 and I-485.
  • Fully sprinklered buildings with durable construction and ample parking (96 spaces).
  • Current NOI of $1,088,609 provides immediate cash flow and long-term investment upside.

OVERVIEW

This newly constructed, Class A small bay flex property at 10420 John Price Road in Charlotte, NC presents a rare investment opportunity in one of the fastest-growing industrial markets in the United States. Completed in 2023, the asset comprises three modern buildings totaling 61,517 SF on nearly 7 acres, offering a stabilized income stream with 100% occupancy and a strong tenant mix. The property is fully leased with a weighted average lease term of 2.94 years, generating a current NOI of $1,088,609, which provides immediate cash flow and long-term upside for investors. Designed for versatility and efficiency, the buildings feature 24-foot clear heights, a combination of dock-high and drive-in loading options, and a 120-foot truck court to accommodate a variety of industrial and service-oriented users. The property includes 14 dock doors, 6 drive-in doors, and 96 parking spaces, ensuring optimal functionality for tenants. Fully sprinklered for safety and compliance, the construction incorporates durable materials such as slab-commercial framing, stucco hardcoat exteriors, and metal roofing. Strategically located within one mile of Westinghouse Boulevard, the property offers direct access to I-77 and I-485, providing exceptional regional connectivity. Charlotte’s thriving economy, robust population growth, and proximity to major transportation hubs, including Charlotte Douglas International Airport, further enhance the asset’s appeal. This investment combines modern design, strong lease fundamentals, and a prime location in a high-demand industrial corridor, making it an ideal acquisition for investors seeking stability and growth potential.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Small Bay Flex in Charlotte, NC

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.95

LAND SF

302,866

ZONING

I-1

APN/PARCEL ID

201-161-08

ASK ABOUT THIS PROPERTY

Thomas MuellerOne Alliance CompaniesMore Info
704-621-4982

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Thomas MuellerOne Alliance CompaniesMore Info
704-621-4982

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.