Cushman & Wakefield, as exclusive advisor, is pleased to offer the extraordinary opportunity to acquire the Calhoun & Bostick buildings (the “Property” or the “Properties”) in The Park Huntersville. The institutional quality portfolio is 89% leased with 3.8 years of weighted average lease term remaining and an average tenant tenure of 14.1 years. It consists of two properties totaling 117,025 SF and is highlighted by a 66% medical/lab focused tenant roster and a 15% mark-to-market opportunity.

The two buildings are ideally located in The Park Huntersville, which is one of the Charlotte region’s most established master-planned mixed-use developments, offering convenient access to major interstates and highways, nearby retailers, and on-site amenities. The infill location has rapidly densified since 2017, as office, STEM, manufacturing, and medical users, such as Novant Health, Safeguard Medical, Daimer Industries, SAERTEX, and NSI have established a presence in The Park.

The properties present investors with the opportunity to acquire two institutional-quality assets significantly below replacement cost with little to no competition for this product type, whether existing or under construction. The portfolio provides investors an attractive in-place cash flow offering near term upside via mark-to-market rent growth and exceptional medical/lab-backed rent roll.