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Coffey Creek Flex Building 1960 Crossbeam Dr 26,000 SF 100% Leased Flex Building Charlotte, NC 28217 $4,750,000 ($182.69/SF) 6.63% Cap Rate
Investment Highlights
- Large, Climate and Humidity Controlled Warehouse Space and Wood Shop
- Close Proximity to Charlotte/Douglas International Airport, as well as I-77, I-485, and I-85
- Fenced Storage Area With Covered Storage
Executive Summary
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.
Property Facts Under Contract
| Price | $4,750,000 | Lot Size | 2.77 AC |
| Price Per SF | $182.69 | Rentable Building Area | 26,000 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 6.63% | Year Built | 1985 |
| Sale Condition | Sale Leaseback | Parking Ratio | 2.15/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 21’ |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 4 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | BD (CD) | ||
| Price | $4,750,000 |
| Price Per SF | $182.69 |
| Sale Type | Investment NNN |
| Cap Rate | 6.63% |
| Sale Condition | Sale Leaseback |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 2.77 AC |
| Rentable Building Area | 26,000 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.15/1,000 SF |
| Clear Ceiling Height | 21’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | BD (CD) |
Amenities
- Fenced Lot
- Skylights
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating - Gas
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,916,800 | |
| Land Assessment | $474,800 | Total Assessment | $2,391,600 |
Property Taxes
Parcel Numbers
Land Assessment
$474,800
Improvements Assessment
$1,916,800
Total Assessment
$2,391,600
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Photos
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Coffey Creek Flex Building | 1960 Crossbeam Dr
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