Industrial Building Offers Unique Location Near Charlotte CBD
CHARLOTTE, North Carolina, March 18, 2019 – Cushman & Wakefield has arranged the $4.8 million sale of a 120,250-square-foot warehouse building located at 5639 Brookshire Boulevard on behalf of RBrothers. Nolan Ashton, Rob Cochran, and Patrick McGrath of Cushman & Wakefield represented the seller in the transaction. NV, LLC, acquired the property.
“Investor demand for well-located industrial assets in Charlotte remains robust, and 5639 Brookshire Boulevard is uniquely positioned minutes from the Charlotte CBD and offers convenient access to all major interstates,” Ashton said. “The market fundamentals for in-town industrial assets continue to improve as more buildings in the urban core of Charlotte are demolished or converted to alternative uses, resulting in a landlord’s market with diminishing supply and rising rates.”
The building is fully leased to The Romanoff Group, Citadel Trading and VPX, and is positioned on 6.04 acres of I-2 zoned land with abundant outdoor storage. Renovated in 2016, the seller invested significant capital to modernize systems, replace the roof, multi-tenant the building and update the exterior.
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Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.