|
Prev Blog << |
Fairview Center One and Two_Fairview,NC |
Next Blog >> |
 |
Category: Big Deals Current Grade: B Total Views: 323 Member Comments: 0 |
Posted on: 10/19/2010 Posted by: levipreston Blog Points: 212 View all blogs >> |
THE OFFERING:
This multi-Office Investment Opportunity is an exclusive offer...the opportunity to purchase Fairview Center One and Two and the ground lease interest in a Bank of America branch location. Fairview Center, which totals 181,506 square feet, consists of two institutionally owned and operated office buildings that are currently 82.7% leased. Fairview Center One, constructed in 1984 and renovated in 1995, is 92.7% leased and totals 118,498 square feet. Fairview Center Two, constructed in 1968 and renovated in 1995, is 63.9% leased and totals 63,008 square feet. The 6,500 square foot Bank of America branch is positioned on a 1.52 acre parcel which is under lease through June 30, 2014. Positioned in the heart of SouthPark, Charlotte's premier submarket, Fairview Center represents an excellent opportunity for investors looking to purchase well located office properties with a long history of success.
INVESTMENT HIGHLIGHTS: Core Real Estate with Upside Potential – with 17.3% existing vacancy, the opportunity exists to stabilize the assets at higher occupancies and increase yields Attractive Rent Roll with GSA & Strong Credit Tenancy – 38.6% of the leased space is occupied by credit and GSA tenants Cost Effective Compared with New Construction Desirable Submarket for Investment Capital – the SouthPark submarket regularly receives more interest from investors than any other suburban market in the Carolinas Irreplaceable Location will Garner Strong Residual Value – very high barriers to entry exist in the SouthPark submarket SouthPark: a High Profile Community – the neighborhoods surrounding SouthPark Mall represent the finest in the region Charlotte's economy has rebounded rapidly over the past two years with more than 13,500 jobs announced since the fourth quarter of 2009
Levi Preston | Principal | Sr. Advisor
JLJ Wealthbuilding Group, Inc.
Retail And Private Assets Division | Asset Management Team
PO BOX 717 | Meriden, CT 06450
E: jljlevi@live.com
www.linkedin.com/in/levipreston
