deal image
11020 David Taylor DrCharlotte, NC 28262
Mallard Pointe
Asset ClassOffice
Rentable SF100,046
Weighted Average Lease Term: 3 Years# Tenants: 18Year Built: 2001Access Data Room
A Walkable, Amenity-Rich Value Add Office Opportunity in Charlotte, NC
overview of deal

Overview

Trinity Partners is pleased to serve as exclusive advisor for the sale of Mallard Pointe, a meticulously maintained, four-story office building in Charlotte’s University submarket.

 

Situated along the Mallard Creek Church Road corridor adjacent to University Research Park, Mallard Pointe benefits from a highly amenitized location with walkable access to an array of retail, dining, and daily-service offerings. Convenient access to I-85, less than two miles from the Property, provides exceptional regional connectivity and access to one of the nation's fastest-growing and most dynamic labor markets.

 

Since delivering in 2001, the Property has remained under the ownership and stewardship of its original developer. As a result, the asset offers a level of physical quality, operational consistency, and tenant satisfaction that is increasingly difficult to replicate in today's environment.

 

Currently 72% leased to 18 tenants, Mallard Pointe offers stable in-place cash flow with near-term upside through the lease-up of existing vacancies and unprecedented potential for value enhancement in the future as Charlotte’s supply of quality, amenity-rich office product continues to tighten.

Access the Data Room

Investment Highlights

Dynamic Value-Add Profile With Tremendous Upside

  • Wtd. average in-place rate of $26.71/SF
  • 18 tenants with average tenure of 8.3 Years
  • Average vacant suite size of 3,976 SF
  • 72.3% occupied with WALT of 2.7 Years
  • Dramatic discount to replacement cost - generationally low going in basis

Highly Accessible | Rich Amenity Base

  • Near instant access to I-85 and 2.1 miles from I-485
  • Prominent frontage along Mallard Creek Church Road, surrounded by strong concentration of walkable retail amenities
  • Located within University City, Charlotte’s second largest employment center, serving 80,000 employees daily

Institutional Quality Asset With Submarket Leading Occupany History

  • Owned and operated by the original developer, reflecting 25 years of consistent, institutional-quality management
  • Between January 2020 and February 2026, the Property averaged 90% occupancy
  • Ownership has successfully renewed 12 tenants totaling 54% of the RBA since 2022
deal gallery image
deal gallery image
deal gallery image
11020 David Taylor DrCharlotte, NC 28262

Inquire

Listing provided by LightBox Revere