Avison Young North Carolina, LLC, as exclusive broker, is pleased to present the opportunity to acquire the Charlotte Light Industrial Portfolio, a ±284,230 square foot portfolio consisting of two, highly coveted multi-tenant light industrial assets located in the Charlotte MSA. The 200’-deep, concrete tilt-wall constructed assets boast clear heights ranging from 24’ up to 30’ offering flexibility for both distribution and manufacturing uses. While one asset is 100% occupied with a 2.23 year WALT and in-place rates sitting 29% below market, the other asset offers  an immediate value creation opportunity through leasing efforts and demising the space to meet market demand. The portfolio benefits from an average suite size of 69,000 square feet while vacancy across the Charlotte market sits at 2.7% for spaces under 80,000 square feet. Upon demising the largest space, the average suite size will reduce to 55,000 square feet, further improving portfolio fundamentals. 

Located in two established submarkets of Charlotte, the assets are strategically positioned along the I-85 and I-77 corridors, providing immediate access to major Southeast markets. Charlotte’s robust infrastructure network paired with Charlotte Douglas International Airport (CLT), makes this market a powerhouse for Southeast logistics activity.