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9144 Arrowpoint Blvd, Charlotte, NC 9140 Arrowpoint Blvd, Charlotte, NC
Union Point & Summit Point
Asset ClassOffice
Rentable SF166,731
overview of deal

Overview

Stream Realty Partners is pleased to present to qualified investors the opportunity to acquire Summit Point & Union Point (the “Properties”), a collection of two Class B office buildings totaling 166,731 square feet located in Charlotte’s Airport submarket, the city’s largest suburban market. Anchored by major corporate occupiers and Fortune 500 companies, the submarket continues to benefit from strong regional accessibility and long-term growth fundamentals. The Properties are well positioned along the intersection of I-77 and I-485, providing connectivity to desirable neighborhoods, restaurants, and the Charlotte Douglas International Airport. Currently 49% leased to a diverse tenant mix with a 2.3 year WALT, the Properties offer meaningful yield enhancement through strategic lease up and repositioning.

 

Summit Point & Union Point present investors a compelling opportunity to acquire a deep value-add office collection with significant near-term upside and outsized returns at a favorable basis. The Properties’ highly recognizable, one-of-a-kind architectural features further distinguish this standout opportunity within one of the nation’s fastest growing cities.

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Investment Highlights

  • Attractive value-add basis well-below replacement costs
  • Well-maintained park like setting with grand entrance and home to multiple Fortune 100 companies
  • Strong regional connectivity via interchanges I-77 and I-485 as well as immediate proximity to Charlotte Douglas Airport
  • Significant renovations under current ownership including newly renovated lobby, best-in-class tenant amenity hub, and elevator modernizations
  • Strong leasing momentum with approximately 88,000 square feet of new deals and expansions
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9144 Arrowpoint BlvdCharlotte, NC 28273

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Listing provided by Revere CRE