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435 N Trade St 18,316 SF 89% Leased Office Building Matthews, NC 28105 For Sale



Investment Highlights
- Premium property and there is nothing similar in the immediate market.
- 89% occupied at closing with a WALT of ~4 years
- High-quality tenants and below market rents
Executive Summary
435 N Trade is a prime investment opportunity in a growing area with high-quality tenants and below market rents. The property will be 89% occupied at closing with a WALT of ~4 years. Skyla Credit Union owns the building and is willing to leaseback the branch for a 6-year lease at closing, providing credit-backed income. Matthews is an affluent suburb of Charlotte. This property has an urban feel surrounded by amenities and is walkable to historic downtown Matthews. This is a premium property and there is nothing similar in the immediate market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
18,316 SF
Building Class
B
Year Built
2016
NOI
$380,154
Percent Leased
89%
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
- Banking
- Controlled Access
- Security System
- Air Conditioning
- 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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