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435 N Trade St 18,316 SF 100% Leased 5-Star Office Building Matthews, NC 28105 $6,500,000 ($354.88/SF) 6.28% Cap Rate
Investment Highlights
- Premium property. Nothing similar in the immediate market.
- 89% Leased
- In-Place NOI $408,066, Proforma NOI $488,205
- Quality tenants at below market rents.
- WALT = ~4 Years
- Skyla Federal Credit Union will lease back the first floor branch at closing.
Executive Summary
435 N Trade is a prime investment opportunity in a growing area with quality tenants and below market rents. This property has an urban feel surrounded by amenities and is walkable to historic downtown Matthews. The remaining first-floor vacancy (+/-2,000 RSF) adjacent to The Loyalist Market should fill quickly.
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Property Facts
Sale Type
Investment
Property Type
Building Size
18,316 SF
Building Class
A
LoopNet Rating
5 Star
Year Built
2016
Price
$6,500,000
Price Per SF
$354.88
Cap Rate
6.28%
NOI
$408,066
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,203 SF
Building FAR
0.30
Lot Size
1.42 AC
Zoning
B-1(CD) - Neighborhood Business District
Amenities
- Controlled Access
- Security System
- Backup Power / Generators
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 193-271-17 | Improvements Assessment | $4,950,400 |
| Land Assessment | $1,661,000 | Total Assessment | $6,611,400 |
Property Taxes
Parcel Number
193-271-17
Land Assessment
$1,661,000
Improvements Assessment
$4,950,400
Total Assessment
$6,611,400
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435 N Trade St
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