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10021 Park Cedar Dr
Charlotte, NC 28210
Park Cedar Professional Center · Office Property For Sale
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6,228 SF
Investment Highlights
- Prime location near Park Road and Highway 51 with easy access to I-485 and surrounding business hubs.
- Suite 300 ready for occupancy; Suite 400 leased through July 2027 with renewal options and rent escalations.
- Strong association management with low condo dues and no pending assessments.
- Two office condos available for individual or combined purchase, ideal for owner-users or investors.
- Well-maintained property with functional layouts, private offices, and break areas.
- Surrounded by retail, dining, and residential communities in a high-demand submarket.
Executive Summary
10021 Park Cedar Drive presents a rare opportunity to acquire two professional office condominiums in one of South Charlotte’s most desirable business corridors. Strategically located near Park Road and Highway 51, the property offers exceptional accessibility to I-485 and surrounding commercial and residential areas. The site is positioned within a well-maintained office park that provides ample surface parking and a professional setting ideal for businesses seeking convenience and visibility. The property consists of two units: Suite 300 (1,008 sf) and Suite 400 (1,616 sf), which can be purchased individually or together. Both suites feature functional layouts with private offices, reception areas, and break rooms, catering to a variety of professional uses. Suite 300 is available for immediate occupancy, making it an excellent choice for owner-users, while Suite 400 is leased through July 2027, offering investors a stable income stream with built-in rent escalations. The condominium association is well-managed, with low annual dues and no pending assessments, ensuring financial stability for owners. Surrounded by a strong mix of retail, dining, and residential communities, the property benefits from a high-demand location that supports long-term value. Its proximity to major transportation routes, including Park Road, Highway 51, and I-485, enhances connectivity for clients and employees. Whether for investment or owner-occupancy, 10021 Park Cedar Drive delivers a compelling combination of location, functionality, and financial appeal in the thriving Charlotte market.
Property Facts
| Total Building Size | 6,228 SF | Typical Floor Size | 6,228 SF |
| Property Type | Office | Year Built | 1999 |
| Property Subtype | Medical | Lot Size | 4.45 AC |
| Building Class | B | Parking Ratio | 4.17/1,000 SF |
| Floors | 1 | ||
| Zoning | OICD - Office Condo | ||
| Total Building Size | 6,228 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 6,228 SF |
| Year Built | 1999 |
| Lot Size | 4.45 AC |
| Parking Ratio | 4.17/1,000 SF |
| Zoning | OICD - Office Condo |
Amenities
- 24 Hour Access
- Signage
2 Units Available
Unit 300
| Unit Size | 1,008 SF | Sale Type | Investment or Owner User |
| Condo Use | Office |
| Unit Size | 1,008 SF |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
Description
Suite 300 at 10021 Park Cedar Drive offers a thoughtfully designed 1,008-square-foot office space ideal for professional users seeking a functional and efficient layout. The suite features multiple private offices, a reception area, and a break area, creating a comfortable and productive work environment. Interior finishes include modern flooring, neutral wall tones, and ample natural light, providing a professional setting for client-facing businesses. Located within a well-maintained office complex, this unit benefits from convenient parking and easy access to major roadways, including Park Road and Highway 51.
Sale Notes
This condo is available for immediate purchase and occupancy, making it an excellent option for owner-users looking to establish a presence in South Charlotte. Priced at $345 per square foot, the property offers strong value in a high-demand submarket. Annual condo dues are $2.65 per square foot, with no pending assessments and healthy reserves reported by the association. Property taxes for this unit are $2,014.25 annually. With its strategic location and move-in-ready condition, Suite 300 represents a rare opportunity to own office space in a thriving business corridor.
Unit 400
| Unit Size | 1,616 SF | Cap Rate | 7.68% |
| Condo Use | Office | NOI | $42,824 |
| Sale Type | Investment or Owner User |
| Unit Size | 1,616 SF |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.68% |
| NOI | $42,824 |
Description
Suite 400 encompasses 1,616 square feet and is designed to accommodate a range of professional office needs. The layout includes a spacious lobby/reception area, multiple private offices, a large conference room, a meeting room, and a copy/break room with cabinetry. The suite’s modern finishes and functional design make it suitable for businesses requiring collaborative and private workspaces. Positioned within a well-kept office park, the property offers excellent accessibility to nearby retail, dining, and residential communities, enhancing convenience for employees and clients alike.
Sale Notes
Currently leased at $42,824 annually through July 31, 2027, Suite 400 provides an attractive investment opportunity with stable income. The lease includes an option for the tenant to renew for three additional years with 4% annual rent increases, ensuring predictable cash flow for investors. Property taxes for this unit are $2,759.39 annually, and condo dues remain low at $2.65 per square foot per year. With its strong tenant commitment and prime location near major transportation routes, Suite 400 is an excellent choice for investors seeking long-term value in the Charlotte market.
