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Browse More Listings in Industrial For Sale, Charlotte, NC or North Carolina

Industrial Property For Sale

Stuart Andrew/Michael Wylie Buildings

4216 Stuart Andrew Boulevard, Charlotte, NC 28217

Price:
$5,100,000
Building Size:
94,873 SF
Price/SF:
$53.76
Property Type:
Industrial
Property Sub-type:
Industrial-Business Park
Property Use Type:
Net Lease Investment with 7 years left on lease
Cap Rate:
7.66%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1981
Clear Ceiling Height:
18 ft.
Features:
- Fenced Yard
- Trailer Parking
- Electricity/Power - Duke Energy
- Sprinklers
Find Out More...

Last Verified 10/14/2009 Listing ID 15893723

Highlights

Easy access to Interstates 85 & 77

Description

These two fully leased brick facilities with adjoining truck courts are offered for sale. Each are in excellent condition with recent roofs, many updated HVAC systems, and modern offices. With the exception of a one year lease on 17,000 s/f, each lease has multiple years remaining with the most recent committed till March of 2016. The Stuart Andrew facility is approximately 43,400 s/f and Michael Wylie is 51,473 s/f.

These facilities are located on Stuart Andrew Boulevard and Michael Wylie Drive, a cul-de-sac near the intersection of Interstate 77 and the Billy Graham Parkway. The Charlotte International airport is less than 10 minutes away as
are downtown Charlotte and Interstate 85. This is a highly sought after central location suitable to organizations serving the metro Charlotte area.

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Net Operating Income
$387,963

Tenant		Lease Expired
See Attached spreadsheet

Map of 4216 Stuart Andrew Boulevard, Charlotte, NC 28217 (Mecklenburg County)

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Presented by

Danko Properties, Inc.

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Contact Listing Broker

Gerald Danko (704) 904-7495

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Created 9/15/2008

Additional Information for 4216 Stuart Andrew Boulevard, Charlotte, NC 28217

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Industrial Property For Sale - Stuart Andrew/Michael Wylie Buildings

4216 Stuart Andrew Boulevard, Charlotte, NC, 28217