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Woodfield Corporate Center
Asset ClassOffice
2 Buildings | 95,830 SF | 88% Leased | Below-Market Rents | Accretive Assumable Financing | Charlotte, NC
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Overview

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.

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Investment Highlights

# Buildings
2
Square Feet
95,830
Occupancy
88%
Land
6.1 Acres
# Tenants
27
Weighted Average Lease Term
2.8 Years
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Listing provided by Revere CRE