GRINNELL WATER WORKS / CHARLOTTE, N. CAROLINA
Core, Class A “Brick and Beam” Office Building.
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.
