Overview
Globalvestment Capital Partners proudly presents an exclusive opportunity to acquire the freehold interest of Panorama Tower, an elegant and sophisticated Class A office building situated at 14819 Ballantyne Village Way, Charlotte, NC. This newly constructed office tower is made up of 130,363 square feet and stands as a prime example of modern office design with top notch amenities.
Six floors of meticulously planned office space, positioned above the renowned AC Hotel by Marriott Charlotte Ballantyne, cater to the demands of leading-edge businesses and their teams. These spaces provide a conducive environment for team creativity and collaboration, amplified by the sweeping views and abundant natural light from the expansive windows. With 13-foot ceilings, 20,000-square-foot office floorplates, and available signage, Panorama Tower is undeniably a landmark in Ballantyne.
The property is currently in lease-up mode post-completion and already at 39% occupancy with leases having started in Q3 of 2022, and already boasting esteemed tenants like NY Life, PartnerRE, and The NRP Group. To ensure a strong and secure revenue stream during the continued lease-up of this newly built property, the seller will lease the vacant space until full occupancy is reached, which we project to be less than 24 months.
All the leases have an annual rent increase. All tenants are responsible for their proportionate share of any operating expense increases over base year, insuring a stable, safe and growing rental income for you.
Strategically nestled within Ballantyne Village, Panorama Tower boasts unparalleled vistas — the luxurious Ballantyne Country Club on one side and the expanding Charlotte skyline on the other. Its prime location, in proximity to Ballantyne residential zones, and its vibrant retail nodes, ensures this locations attractiveness to office tenants. Its close connection to major highways and public transportation provides easy access from all parts of Charlotte.
Panorama Tower’s strategic location is further enhanced by its proximity to major businesses, making it a central hub for networking and collaboration. Adjacent to our property is the renowned Ballantyne Corporate Park (0.9 miles), home to several Fortune 500 companies and leading enterprises. Additionally, Toringdon Office Park (1.8 miles) is a brief drive away, housing a myriad of professional firms and tech startups. These nearby complexes not only offer potential synergies for tenants but also accentuate the prime positioning of Panorama Tower in Charlotte’s business landscape. Reimagining the essence of suburban, Panorama Tower emerges as Ballantyne’s premium urban choice.
Demonstrating its attractiveness to businesses, Charlotte experienced a 45% increase in Q2 2023 leasing activities. The growing legal, finance, and business services sectors have gravitated towards Class-A spaces like Panorama Tower, accounting for over 80% of the city’s recent leasing activity.
We are pleased to present this investment opportunity, allowing you the option to purchase the Office component on its own or to explore the broader opportunity of owning the entire Panorama Tower, which includes the premium AC Hotel. Detailed information about the AC Hotel is available upon request.
Investment Highlights
WHY INVEST?
PRIME COMMERCIAL POSITIONING
Panorama Tower has a first-class architectural design and feel. With 130,636 SF of Class A office space and abundant parking, it is strategically situated beside Ballantyne’s bustling residential communities. Its close proximity to retail centers and quick access to key interstate highways further amplify its value.
POPULATION GROWTH
Charlotte is the third-fastest-growing major city in the United States. It is projected that the Charlotte Region will grow from 2,846,550 people in 2022, to nearly 4.6 million in 2050, an increase of approximately 62%, driving the demand for office space. The population has already increased by 20.2% between 2010 and 2023.
EMPLOYMENT GROWTH
As of December 2022, the Charlotte Region saw a year-over-year employment growth of 4.6%, outpacing North Carolina (4.0%), South Carolina (3.3%), and the United
States as a whole (2.9%). This drives office space demand and real estate values upwards.
PROMISING FINANCIAL PROJECTIONS
With a projected Year 1 2024 Net Operating Income (NOI) of $4,297,773, Panorama Tower underscores a lucrative income potential, signifying a remarkable ROI for investors.
TECHNOLOGICAL AND FINANCIAL POWERHOUSE
Charlotte is home to industry titans such as MetLife, Bank of America, and Amazon (AWS). Its reputation as one of the U.S.’s primary financial service hubs provides a myriad of opportunities, making it an irresistible location for prospective office lessees.
DEMOGRAPHIC AND TALENT APPEAL
Charlotte boasts a well-educated workforce shaped by top-tier universities. This dynamic ensures a perennial demand for top-notch office spaces, making Panorama Tower the go-to destination for businesses seeking excellence.
FUTURE VALUE PROSPECTS
Given the rising office rents in Charlotte and extensive development projects enhancing infrastructure and public services, Panorama Tower stands as a promising long-term investment
RENTAL GUARANTEE
The seller is committing to lease the unoccupied space during the lease up until it is full or up to three years after closing, ensuring you a secure rental income during the continued lease-up period.
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