1118 W Craighead Rd | Charlotte, NC 28206
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1118 W Craighead Rd
Charlotte, NC 28206
Industrial Property For Sale
Investment Highlights
- The industrial building is situated in a highly desirable location in Charlotte, offering easy access to key transportation routes and amenities.
- Located in an Opportunity Zone, investors can take advantage of tax incentives and capital gains benefits.
- The property is fully leased to Palfinger, a credit tenant, providing a stable and reliable income stream for potential investors.
- The building's power system was updated, ensuring modern infrastructure and increased efficiency for tenants.
Executive Summary
This investment opportunity for single tenant industrial asset. Great for 1031 exchange client.
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.84% | Year Built/Renovated | 1981/2022 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 3.88/1,000 SF |
| Building Class | B | Clear Ceiling Height | 25 FT |
| Lot Size | 5.78 AC | No. Drive In / Grade-Level Doors | 17 |
| Rentable Building Area | 37,335 SF | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.78 AC |
| Rentable Building Area | 37,335 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1981/2022 |
| Tenancy | Single |
| Parking Ratio | 3.88/1,000 SF |
| Clear Ceiling Height | 25 FT |
| No. Drive In / Grade-Level Doors | 17 |
| Opportunity Zone |
Yes |
Amenities
- Fenced Lot
- Signage
Utilities
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 087-041-20 | Improvements Assessment | $1,459,000 |
| Land Assessment | $1,412,700 | Total Assessment | $2,871,700 |
PROPERTY TAXES
Parcel Number
087-041-20
Land Assessment
$1,412,700
Improvements Assessment
$1,459,000
Total Assessment
$2,871,700
zoning
| Zoning Code | ML-2 (ML-2 ML2 Industrial suitable for industrial outside storage and truck terminal) |
| ML-2 (ML-2 ML2 Industrial suitable for industrial outside storage and truck terminal) |
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