Stabilized Real Estate
Industrial - Lakemont Blvd
PURCHASE PRICE
$24M
SIZE
164,576 SF
LOCATION
Charlotte, NC
ACQUISITION DATE
Q1 '22

Investment Highlights

  • 165k SF, 100%-leased industrial distribution center located in the Charlotte, NC industrial market
  • Property is 100% leased to one tenant, who utilizes the asset as both a distribution center and their corporate headquarters
  • 2015-vintage asset features 32’ clear heights, 180’ truck courts, and 36 dock high doors
  • Charlotte market is experiencing strong industrial supply and demand fundamentals, contributing to rent growth and positive net absorption

(1) As of October 31, 2022.