loso class a office building...loso class a office building investment summary | 03 offering summary...
TRANSCRIPT
LOSO Class A Office Building5225 77 Center Dr, Charlotte NC 28217
O F F E R I N G M E M O R A N D U M
LOSO Class A Office Building CONTENTS
Exclusively Marketed by:
Clifford Blanquicet Jr.President(704) [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Investment Summary 3 Location Summary 4
02 Property Description Property Features 5 Aerial Map 6 Property Images 7
03 Demographics Demographics 12 Demographic Charts 14
LOSO Class A Office Building Investment Summary | 03
OFFERING SUMMARYADDRESS 5225 77 Center Dr
Charlotte NC 28217
COUNTY Mecklenburg
NET RENTABLE AREA (SF) 54,032 SF
LAND SF 179,685 SF
YEAR BUILT 1993
APN 16906220
FINANCIAL SUMMARYOFFERING PRICE $9,600,000
PRICE PSF $177.67
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 7,492 85,766 204,727
2019 Median HH Income $47,560 $58,979 $68,420
2019 Average HH Income $63,022 $87,141 $108,896
Class-A Office building/school
Value-add opportunity: potential for more squarefootage to be built under roof as continuance ofsecond floor
Not part of park association
Potential Uses: corporate headquarters, school, daycare, office-investment, or owner-occupied office.Seller will consider short-term sale-and-lease-backopportunity
Mechanical and roof- new (2015)
Blanq Real Estate presents this unique, +/- 54,032 SF Class-AOffice Opportunity. This site has a number of potential usesincluding a corporate headquarters location, office-investmentproperty, owner-occupied office building, or another school ordaycare user.
The building was originally a call-center. However, a school hasbeen occupying the property the last 10 years. The current schooloccupier will consider a short-term sale-and-lease-back.
The property is in an excellent location. It is situated half a milefrom the Tyvola Road exit on I-77, a few minute drive from vibrantrestaurants and breweries in the historic SouthEndneighborhood, and a few minutes west of the upscale Southparkdining and retail. Additionally, the property is approximately 8miles from the Charlotte Douglas International Airport, 7 milessouth of Charlotte's CBD, and 1.2 miles from the Tyvola light-railstation.
LOSO Class A Office Building Location Summary | 04
LOSO Class A Office Building Property Features | 05
PROPERTY FEATURESNUMBER OF TENANTS 1
NET RENTABLE AREA (SF) 54,032
LAND SF 179,685
LAND ACRES 4
YEAR BUILT 1993
# OF PARCELS 1
ZONING TYPE O-2
BUILDING CLASS A
NUMBER OF STORIES 2
NUMBER OF BUILDINGS 1
ELEVATOR 1
MECHANICALHVAC New- 2015
FIRE SPRINKLERS Fully Sprinkled
CONSTRUCTIONEXTERIOR Masonry
ROOF New- 2015
TENANT INFORMATIONMAJOR TENANT/S Metrolina Regional Scholars
Academy, Inc.
LOSO Class A Office Building Aerial Map | 06
LOSO Class A Office Building Property Images | 07
LOSO Class A Office Building Property Images | 08
LOSO Class A Office Building Property Images | 09
LOSO Class A Office Building Property Images | 10
LOSO Class A Office Building Property Images | 11
LOSO Class A Office Building Demographics | 12
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 5,647 61,552 147,145
2010 Population 6,598 68,168 164,605
2019 Population 7,492 85,766 204,727
2024 Population 8,012 96,526 230,794
2019 African American 2,426 27,558 61,639
2019 American Indian 53 483 838
2019 Asian 967 5,057 10,909
2019 Hispanic 2,126 18,571 28,990
2019 Other Race 1,353 10,124 14,501
2019 White 2,464 39,998 111,377
2019 Multiracial 226 2,469 5,329
2019-2024: Population: Growth Rate 6.75 % 11.95 % 12.15 %
2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 338 4,125 8,708
$15,000-$24,999 402 2,984 6,606
$25,000-$34,999 408 3,587 7,260
$35,000-$49,999 510 4,873 10,585
$50,000-$74,999 513 6,505 14,950
$75,000-$99,999 452 4,633 10,344
$100,000-$149,999 403 5,439 13,764
$150,000-$199,999 113 2,054 6,039
$200,000 or greater 51 2,810 11,963
Median HH Income $47,560 $58,979 $68,420
Average HH Income $63,022 $87,141 $108,896
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 2,462 28,561 67,393
2010 Total Households 2,754 29,174 70,917
2019 Total Households 3,190 37,011 90,221
2024 Total Households 3,418 41,935 102,596
2019 Average Household Size 2.34 2.30 2.22
2000 Owner Occupied Housing 1,249 13,383 33,700
2000 Renter Occupied Housing 1,062 13,238 29,032
2019 Owner Occupied Housing 1,049 14,970 37,993
2019 Renter Occupied Housing 2,141 22,041 52,228
2019 Vacant Housing 332 3,597 10,514
2019 Total Housing 3,522 40,608 100,735
2024 Owner Occupied Housing 1,126 16,338 41,325
2024 Renter Occupied Housing 2,292 25,596 61,271
2024 Vacant Housing 343 3,726 11,024
2024 Total Housing 3,761 45,661 113,620
2019-2024: Households: Growth Rate 6.95 % 12.65 % 13.00 %
Source: esri
LOSO Class A Office Building Demographics | 13
2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2019 Population Age 30-34 795 8,114 17,898
2019 Population Age 35-39 667 7,632 16,570
2019 Population Age 40-44 536 6,007 13,451
2019 Population Age 45-49 461 5,325 12,770
2019 Population Age 50-54 388 4,806 11,916
2019 Population Age 55-59 359 4,550 11,739
2019 Population Age 60-64 292 4,007 10,443
2019 Population Age 65-69 237 3,267 8,600
2019 Population Age 70-74 172 2,520 6,614
2019 Population Age 75-79 113 1,682 4,510
2019 Population Age 80-84 72 1,147 3,026
2019 Population Age 85+ 75 1,439 3,861
2019 Population Age 18+ 5,873 66,479 161,683
2019 Median Age 33 35 35
2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $57,064 $61,695 $67,328
Average Household Income 25-34 $68,748 $79,143 $90,964
Median Household Income 35-44 $54,328 $73,703 $84,063
Average Household Income 35-44 $69,244 $102,627 $125,661
Median Household Income 45-54 $48,253 $73,315 $92,174
Average Household Income 45-54 $67,764 $111,198 $144,654
Median Household Income 55-64 $48,585 $61,924 $74,617
Average Household Income 55-64 $60,242 $93,440 $125,225
Median Household Income 65-74 $41,472 $49,931 $59,118
Average Household Income 65-74 $53,061 $71,955 $96,651
Average Household Income 75+ $43,060 $54,405 $71,983
2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2024 Population Age 30-34 797 8,250 19,368
2024 Population Age 35-39 663 7,625 16,983
2024 Population Age 40-44 588 7,343 16,157
2024 Population Age 45-49 485 5,943 13,596
2024 Population Age 50-54 429 5,487 13,258
2024 Population Age 55-59 354 4,787 12,181
2024 Population Age 60-64 327 4,587 12,002
2024 Population Age 65-69 264 3,966 10,458
2024 Population Age 70-74 194 3,102 8,230
2024 Population Age 75-79 137 2,275 6,167
2024 Population Age 80-84 84 1,441 3,939
2024 Population Age 85+ 74 1,573 4,310
2024 Population Age 18+ 6,303 75,182 183,751
2024 Median Age 33 35 36
2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $68,909 $72,662 $78,606
Average Household Income 25-34 $79,999 $91,268 $105,245
Median Household Income 35-44 $67,912 $83,871 $96,602
Average Household Income 35-44 $82,825 $115,056 $139,285
Median Household Income 45-54 $58,498 $85,282 $104,864
Average Household Income 45-54 $80,568 $124,581 $157,146
Median Household Income 55-64 $54,543 $71,794 $85,541
Average Household Income 55-64 $70,655 $107,588 $140,419
Median Household Income 65-74 $45,721 $57,059 $67,853
Average Household Income 65-74 $60,626 $84,177 $109,066
Average Household Income 75+ $50,458 $64,406 $81,683
LOSO Class A Office Building Demographic Charts | 14
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Population by Race
LOSO Class A Office Building Demographic Charts | 15
2019 Household Occupancy - 1 Mile Radius
Average Income Median Income
2019 Household Income Average and Median
LOSO Class A Office Building
Exclusively Marketed by:
Clifford Blanquicet Jr.President(704) [email protected]
powered by CREOP