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400 Interchange DrDallas, NC 28034
321 Interchange Park
Asset ClassIndustrial
Rentable SF99,899
Land: 15.26 Acres# Buildings: 6Occupancy: 97%Access Data Room
Charlotte MSA
overview of deal

Overview

Trinity Partners is pleased to serve as exclusive advisor for the sale of the Owner’s interest in 321 Interchange Park, a portfolio of six multi-tenant light industrial buildings strategically located within the Gaston County industrial submarket of the Charlotte MSA. The business park is optimally positioned within two miles of the high-traffic convergence of US 321 and Interstate 85, granting tenants unrivalled access to the entire region.

 

With a total of 99,899-rentable-square-feet and current occupancy of 97%, 321 Interchange offers investors a balance of both stability and tremendous value-add upside. The attractive combination of strong in-place cash flow, in-place rents materially below market, extensive recent renovations, and functional site characteristics with IOS and future development options make this a unique opportunity to acquire a well-positioned light industrial property in one of the nation’s most desirable real estate markets.

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Investment Highlights

Accessible Location with Strong Transportation Fundamentals

  • Immediate access to US-321
  • 2.0 miles from I-85
  • 3.7 miles from US-74

Dynamic Value-Add Profile Within Supply Constrained Market

  • 2.0 Year WALT
  • 38.7% below market rental rates for assets <50,000 SF.
  • 3.0% direct market vacancy rate for assets <50,000 SF.

Desirable Product Type with Extensive Recent Improvements

  • Light Industrial with average suite size of 11,100 SF.
  • Aesthetic - Office renovations, LED conversions, exterior painting, asphalt paving, building signage.
  • Operational - Septic field expansion, creation of dedicated IOS space, dock leveler/door replacements.
  • Systems - Comprehensive HVAC upgrades, gate access, fire suppression upgrades, select roof replacements.

Functional 15.3 AC Site with Additional Development Potential

  • ±1.8 acres of dedicated IOS currently under lease .
  • Additional ±3.0 acres of vacant land available for IOS expansion/new construction.
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400 Interchange DrDallas, NC 28034
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