CHARLOTTE, NC, April 11, 2018 – Cushman & Wakefield announced today that it has represented locally based Decision Support Management LLC in the sale of 3326 Siskey Parkway, a 15,250-square-foot, two-story, fully leased office building in Matthews NC.
Cushman & Wakefield’s Kris Westmoreland, David Hoppe and Grant Keyes represented Decision Support Management LLC in the lease up and sale. The buyer, a local investor, acquired the asset for $2.95 million, or $193 per square foot, and was represented by Phil Hayes of Land Investment Resources.
3326 Siskey Parkway was constructed in 2006 in one of Charlotte’s fastest growing markets. The property is currently 100% leased to four tenants on long-term leases and can truly boast about a location in a live, work and play environment as it shares access with retail, residential, fitness and other office properties. In addition, the surrounding five-mile radius has grown rapidly since 2010 with population growth of over 13% and the growth is projected to continue at around 10% every five years.
“Given the density and growth of the Matthews market, the subject property is positioned to perform well for many years,” said Westmoreland.
Added Hoppe, “The continued demand from 1031 exchange buyers for investment properties in the Charlotte market allowed us to achieve premium pricing for our client within a very short period of marketing the asset.”