ACQUISITION | DECEMBER 2016
Class A, 52,949 square foot asset purchased well below replacement cost located in the thriving “24/7” work-live-play West Morehead Corridor neighborhood, only 0.25 miles from Uptown Charlotte.
The asset was originally constructed as a manufacturing facility in 1930 but was transformed into a creative office in 2001.
The property has a history of high occupancy, fully leased to a diverse mix of tenants, with lease renewals executed at significant rent increases and little to no downtime.
A unique, adaptive reuse building with a history of high occupancy to a diverse tenant roster, offering investors a steady cash flow yield.
Northridge Capital is dedicated to providing a high level of personalized service for its investors. Northridge works mainly with overseas institutional and individual investors, especially those from the Middle East, to successfully define and implement customized strategies for investing in US commercial real estate.