1960 Crossbeam Dr - Light Distribution FOR SALE


Charlotte, NC 28217- Eagle Lake
$4,750,000 USD
828-674-3372
1960 Crossbeam Dr, Charlotte, NC for Sale
$4,750,000 USD
Light Distribution - FOR SALE
1/17
null | 6.63% Cap Rate

1960 Crossbeam Dr
Charlotte, NC 28217
Eagle Lake


HIGHLIGHTS

  • Large, Climate and Humidity Controlled Warehouse Space and Wood Shop
  • Fenced Storage Area With Covered Storage
  • Close Proximity to Charlotte/Douglas International Airport, as well as I-77, I-485, and I-85

OVERVIEW

Sale-leaseback opportunity for investor looking for building with new 10 year lease in place (commencing at closing). Building is ±26,064 SF of high-functioning flex/industrial space with full climate and humidity control throughout the warehouse with 21’ clear heights, 4 dock-high doors, and 1 drive-in door. $1.1M in capitol improvements have been made to the building in past 5 years including new roof, LED lights and HVAC upgrades. Also the vacant lot in the rear portion of the property included in sale-leaseback provides tenant with room for expansion as need for future growth of business. Conveniently positioned near I-77, I-485, the airport, and major logistics corridors. New lease with the Seller at $26,250/month NNN with a 10 year initial lease term with 2% Annual Escalator and personal guarantee from 2 company principals.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coffey Creek Flex Building

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

21 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.77

LAND SF

120,661

ZONING

BD (CD)

APN/PARCEL ID

141-302-03,141-302-10

ASK ABOUT THIS PROPERTY

John SpakeKuester CommercialMore Info
828-674-3372

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John SpakeKuester CommercialMore Info
828-674-3372

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