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8801 J M Keynes DrCharlotte, NC 28262
One University Place
Asset ClassOffice
Rentable SF85,265
Occupancy: 89%Weighted Average Lease Term: 3.9 Years# Tenants: 14Access Data Room
High-Return, Fully Stabilized, Value Add Office Opportunity in Charlotte, NC
overview of deal

Overview

Trinity Partners is pleased to serve as exclusive advisor for the sale of 8801 J.M. Keynes Drive, an exceptionally located and recently renovated 85,265 square-foot office asset located in Charlotte’s University submarket.

 

Situated just a short walk from the J.W. Clay / UNC Charlotte LYNX Blue Line Station and one-half mile from the W.T. Harris / Interstate 85 interchange, One University Place avails itself to a broad labor pool, as employees from throughout the entire region enjoy easy access. The Property sits at the heart of University City’s Town Center, which serves to connect a combination of area demand drivers, including UNC Charlotte, Atrium Health, the LYNX Blue Line Light Rail, and abundant walkable amenities.

 

Currently 89% leased to 14 tenants, One University Place stands out as the premier office asset in the submarket. Its unparalleled access to both interstate and light rail infrastructure, combined with strong recent leasing activity and an amenity-rich environment, firmly positions the property for continued success.

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Investment Highlights

Dynamic Value-Add Profile Within Tremendous Upside

  • Dramatic discount to replacement cost- exceptionally low basis for stabilized, infill asset with average tenant size of 4,980 SF
  • 89% occupied with WALT of 3.9 Years
  • 14 tenants with average tenure of 8.5 Years
  • Wtd. average in-place rate of $26.62/SF

 

Rich Amenity Base | Strong Transportation Fundamentals

  • Core/infill/urban location in the heart of the University Town Center, with exceptional access to high-quality, dense amenities
  • Five-minute walk to the LYNX Blue Line Station
  • Near instant access to I-85 and 2.0 miles from I-485

 

Institutional Quality Asset With Extensive Capital Investment

  • Strong history of institutional quality ownership
  • Thoughtful front-of-house improvements enhance tenant experience and comprehensive back-of-house systems upgrades ensure limited future capital spending requirements
  • Each of the remaining vacancies are in lease-ready condition as part of a transformative spec suite program exceeding $75/SF
8801 J M Keynes DrCharlotte, NC 28262
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Listing provided by Revere CRE