Cushman & Wakefield, as exclusive advisor, is pleased to present the premier opportunity to acquire Woodfield Corporate Center I & II, located at 8000 & 8008 Corporate Center Drive in Charlotte, North Carolina. Woodfield I & II are comprised of 31,556 RSF and 64,274 RSF, respectively, and are 88% occupied, with a diversified rent roll and strong historical occupancy.
Woodfield I & II are located within Charlotte’s South submarket, which has the lowest vacancy rate in the market at 15.4%. Low vacancy rates are coupled with a low supply of product at only 1 million square feet in inventory, of which Woodfield makes up nearly 10%. The properties provide tenants a premier location in South Charlotte at a discount to Southpark and Ballantyne, which demand approximately 50% higher asking rents. Along with discounted rental rates, the property’s proximity to I-485, I-77 and highway 51 offer convenient access across the Charlotte metro.
Woodfield Corporate Center offers the ability to assume a highly accretive loan through 2028.
This is an excellent opportunity for investors to acquire a property at a generous discount to replacement cost, in a submarket with high barriers to entry.