3406 Latrobe DR | 3406 Latrobe Dr
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3406 Latrobe DR 3406 Latrobe Dr
12,221 SF Flex Building Charlotte, NC 28211 $2,700,000 ($221/SF)
Investment Highlights
- Ideally located near major thruways including Wendover Rd, Monroe Rd and Randolph.
- 8 amp and 3 phase power.
- Minutes from Independence Blvd and less than 10 minutes to Uptown Charlotte and interstate I-277.
- 25 foot ceilings and no columns.
Executive Summary
• Charlotte’s Robust Market Offers a Single-Tenant Attached; This is a Class C Flex Industrial Space.
• Building Location Sits in a Prime Location Infill to Charlotte with Sub 5-Minute Access to Highway 74, One of the Pulsating Arteries Direct Into the Heart of Charlotte Huge Value-add component.
• Below market rent with comparables that support a $4-6 dollar increase.
• In addition, this site offers a flex space that is heavier industrial than office space which adds more value to the logistic and distribution options.
• Limited new construction of smaller warehousing spaces has limited vacancies among properties smaller than 100,000 SF, even among older and Class B buildings.
• Rent growth remains highest, and available space exceeds $14/SF in most cases, with the smallest spaces reaching into the double-digits.
• Building Location Sits in a Prime Location Infill to Charlotte with Sub 5-Minute Access to Highway 74, One of the Pulsating Arteries Direct Into the Heart of Charlotte Huge Value-add component.
• Below market rent with comparables that support a $4-6 dollar increase.
• In addition, this site offers a flex space that is heavier industrial than office space which adds more value to the logistic and distribution options.
• Limited new construction of smaller warehousing spaces has limited vacancies among properties smaller than 100,000 SF, even among older and Class B buildings.
• Rent growth remains highest, and available space exceeds $14/SF in most cases, with the smallest spaces reaching into the double-digits.
Property Facts
| Price | $2,700,000 | Rentable Building Area | 12,221 SF |
| Price Per SF | $221 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2009 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 1.35 AC |
| Price | $2,700,000 |
| Price Per SF | $221 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 1.35 AC |
| Rentable Building Area | 12,221 SF |
| No. Stories | 1 |
| Year Built | 2009 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
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PROPERTY TAXES
| Parcel Number | 157-065-54 | Improvements Assessment | $1,002,100 |
| Land Assessment | $481,000 | Total Assessment | $1,483,100 |
PROPERTY TAXES
Parcel Number
157-065-54
Land Assessment
$481,000
Improvements Assessment
$1,002,100
Total Assessment
$1,483,100
zoning
| Zoning Code | I-1 (Industrial) |
| I-1 (Industrial) |
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3406 Latrobe DR | 3406 Latrobe Dr
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