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Single-Tenant NNN Leased Industrial Property Sale

RealINSIGHT Marketplace and Mission Capital Advisors are pleased to present the sale of a 247,317 SF Industrial/Office property located in Matthews, North Carolina.
 
Sale Highlights
• Long term tenant with current lease that runs through April 2020 with two (2) remaining 5-year renewal options.
• Excellent location with I-485 Charlotte Outer Loop access less than 2 miles away providing convenient access to nearby city of Charlotte and Interstates 77 and 85.
• Mecklenburg County is the largest in the state with an estimated 2017 population of 1,076,837 representing over 17% growth since the 2010 census.
• The Charlotte Industrial Warehouse Market vacancy rate was 5.1% at Q2 2018 while the Flex Market was 6.3%, as reported by Cushman & Wakefield.
 
The property consists of four buildings located on a 26.07-acre site zoned I-1, Light Industrial at the southeast corner of Matthews Mint-Hill Road and Crestdale Road, across the street from Harris Teeter Supermarkets corporate headquarters. The property contains a total of 247,317 sf constructed in stages between 1963 and 1996 with a 2012 addition to Plant 2. The two largest buildings (117,400 sf & 74,717 sf), known as Plant 1 and 2, are utilized as warehouse and manufacturing space. The Product Development Building (38,400 sf) and Advanced Technology Center building (16,800 sf) are primarily office and lab space.

The property is 100% leased by TC Transcontinental Packaging f/k/a Coveris Advanced Coatings (a/k/a InteliCoat Technologies) via an absolute net lease through April 2020.
 
The property is located in Matthews, which is located in Mecklenburg County, NC, a southeastern suburb of and adjacent to Charlotte. The county is the largest in the state with an estimated 2017 population of 1,076,837 and representing over 17% growth since the 2010 census. In 2017, Charlotte reported the 7th largest numeric increase in population among U.S. cities above 50,000 residents and was the 17 most populous city, both as reported by the U.S. Census Bureau. It is the 2nd largest city in the southeastern U.S. with the metropolitan area reporting over 2.6 million residents in 2016.
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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

700 Crestdale Road REO Sale

700 Crestdale Road, Matthews, NC 28105

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Current Bid:
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Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Industrial Type
  • Flex
  • Property Size
  • 247,317 Sq Ft
  • Land Area
  • 26.07 Acres
  • Year Built
  • 1996 and 2012
  • Number of Buildings
  • 4
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Nov 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #7100