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INFORMATION MEMORANDUM10721 John Price Road
Charlotte, North Carolina
BANKRUPTCY SALEOn behalf of A. Cotten Wright, Chapter 7 Trustee for Grimm Real Estate Holdings, LLC
Industrial Flex Property51,126 Total Sq. Ft.
Charlotte, North Carolina
OFFERING OVERVIEW
Offering Overview: • Great Neck Realty Co. and Iron Horse Commercial
Properties have been retained to exclusively market for
sale an industrial flex property located at 10721 John Price
Road, Charlotte, NC
• Four (4) detached buildings totaling 51,126 sq. ft. on 6.02
Acres
Offering Highlights: • Incredible Opportunity for Flex / Warehouse / Storage
Users & Investors
• Excellent Access to Major Highways
• Property Equipped with Loading Docks and Drive-In Doors
• Immediate Action Required
• Call for Pricing
PROPERTY DESCRIPTION
PROPERTY OVERVIEW
OVERVIEW DESCRIPTION:
Address: 10721 John Price RoadCharlotte, North Carolina
Type: Industrial – Office/Warehouse
Building Size: 51,126 Total Sq. Ft.
Lot Size: 6.02 Acres
Year Built: 1974, Renovated in 1989, 2008, 2015
# of Buildings: 4 Detached Buildings
Zoning: I-1, Light Industrial
Tax ID: 201-181-22
PROPERTY VIDEOclick the image below to access the video:
IMPROVEMENTS OVERVIEW / Main Building
Main Building
Overview & Exterior Description
Type: Office / Warehouse
Stories: One
Construction: Metal
Size: 25,126+/- Sq. Ft.
Year Built: 1974, Renovated 2003-2006
Parking: 55 Spaces
Parking Type: Surface
Foundation: Poured Concrete
Frame: Metal
Exterior Walls: Metal & Stucco
Windows: Metal Frame / Insulated Glass
Roof: Built-up
Clear Height: 16’-17’
Dock Height Loading Doors: Three (10’x12’)
Drive-In Doors: Two (12’x14’ and 12’x12’)
IMPROVEMENTS OVERVIEW / Main Building
Main Building
Interior Description
Floors: Office – Carpet & Tile
Warehouse – Concrete
Walls: Office – Painted Drywall
Warehouse – Exposed Metal Structure
Ceilings: Office – Acoustical
Warehouse – Exposed Metal Structure
Lighting: Office – Fluorescent
Warehouse – Metal Halide Lighting
HVAC: 100% HVAC
Elevators: None
Restrooms: Three
Sprinklers: None
Security: Yes
Features: Two, 5-Ton Bridge Cranes
IMPROVEMENTS OVERVIEW / Storage Warehouse (Building 2)
Storage Warehouse
Overview & Exterior Description
Type: Storage Warehouse
Stories: One
Construction: Metal
Size: 5,000+/- Sq. Ft.
Year Built: 1989
Parking Type: Surface
Foundation: Poured Concrete
Frame: Metal
Exterior Walls: Metal
Windows: None
Roof: Metal
Clear Height: 16’
Dock Height Loading Doors: None
Drive-In Doors: One (12’x12’)
IMPROVEMENTS OVERVIEW / Storage Warehouse (Building 2)
Storage Warehouse
Interior Description
Floors: Concrete
Walls: Metal
Ceilings: Exposed Metal Structure
Lighting: Upgraded Halide Lighting
HVAC: 100% HVAC
Security: Yes
IMPROVEMENTS OVERVIEW / Warehouse (Building 3)
Warehouse (Building 3)
Overview & Exterior Description
Type: Warehouse
Stories: One
Construction: Metal
Size: 18,000+/- Sq. Ft.
Year Built: 2008
Parking Type: Surface
Foundation: Poured Concrete
Frame: Metal
Exterior Walls: Metal with Faux Brick
Roof: Metal
Clear Height: 30’
Drive-In Doors: Two (14’x14’)
IMPROVEMENTS OVERVIEW / Warehouse (Building 3)
Warehouse (Building 3)
Interior Description
Floors: Concrete
Walls: Metal
Ceilings: Exposed Metal Structure
Lighting: Fluorescent
HVAC: 100% HVAC
Security: Yes
Features: Two, 10-Ton Bridge Cranes
IMPROVEMENTS OVERVIEW / Warehouse (Building 4)
Warehouse (Building 4)
Overview & Exterior Description
Type: Warehouse
Stories: One
Construction: Metal
Size: 3,000+/- Sq. Ft.
Year Built: 2015
Parking Type: Surface
Foundation: Poured Concrete
Frame: Metal
Exterior Walls: Metal
Roof: Metal
Clear Height: 25’
Drive-In Doors: One (14’x14’)
IMPROVEMENTS OVERVIEW / Warehouse (Building 4)
Warehouse (Building 4)
Interior Description
Floors: Concrete
Walls: Metal
Ceilings: Exposed Metal Structure
Lighting: Fluorescent
HVAC: 100% HVAC
Security: Yes
PROPERTY MAPS & LOCATION OVERVIEW
TAX MAP
TAX CARD
AERIAL MAP
LOCATION OVERVIEW
LOCATION: The Property is located in the southwesternarea of Mecklenburg County, in the city ofCharlotte.
ACCESS: Primary highway access to the area is via I-485,I-77 and South Tryon Street. Publictransportation is provided by Charlotte AreaTransit Service (CATS) and provides access to allof Mecklenburg County.
MARKET OVERVIEW & DEMOGRAPHICS
CHARLOTTE MARKET OVERVIEW
Summary:Charlotte is the most populous city in North Carolina,and is cultural, economic, and transportation center ofthe Charlotte MSA.
Charlotte has realized significant expansion for thepast several years due to population growth, stronglogistical infrastructure, and relatively low operatingcosts for businesses.
Charlotte’s accessible location and low cost of doingbusiness is attracting many e-commerce and logisticsproviders, as well as more traditional industrialbusinesses looking to expand or realign their spacerequirements.
The market’s growth patterns show that developmentand leasing activity are driven by available land andaccess to key transportation routes.
Construction:Construction has ramped up after several significantbuild-to-suit projects drove the bulk of supply anddemand for several years. Amazon just completedconstruction and has opened two distribution centers– one in the Airport submarket, and another inKannapolis.
Economy:Charlotte’s economic growth has been fueled bystrong job and population growth. The localgovernment’s efforts to diversify its economyhave proven effective. Charlotte should continueto benefit in the longer term from its status as alow-cost regional financial hub.
Job growth has consistently outpaced the USaverage since 2010, with major growth amongcompanies within the finance industry, as well asCharlotte’s technology industry.
In addition, Charlotte reached a majormilestone in securing funding for continuedconstruction of the metro’s light railtransportation system. This funding will connectmore residential areas to various submarkets inand around Charlotte.
DEMOGRAPHICS
DISCLAIMER & CONTACT
DISCLAIMERConfidentiality & Conditions
ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMEDRELIABLE. NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, AREMADE REGARDING THE ACCURACY OF THE INFORMATION CONTAINED HEREIN ANDSUCH INFORMATION IS SUBMITTED SUBJECT TO ERRORS, OMMISSIONS, AND/ORWITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TOBANKRUPTCY COURT APPROVAL.
CONTACT US
For complete information, please contact:
Great Neck Realty CompanyRobert TramantanoOffice: (984) 528-3619Mobile: (516) 902-9568Email: [email protected]
Iron Horse Commercial PropertiesWill LillyOffice: (910) 997-2248Mobile: (704) 985-9300Email: [email protected]
in
conjunction
with
