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Matthews Industrial 11145 Monroe Rd, Matthews NC 28105 O F F E R I N G M E M O R A N D U M

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Page 1: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial11145 Monroe Rd, Matthews NC 28105

O F F E R I N G M E M O R A N D U M

Page 2: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews IndustrialCONTENTS

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

03 Demographics Demographics 7 Demographic Charts 9

Page 3: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Investment Summary | 03

OFFERING SUMMARYADDRESS 11145 Monroe Rd

Matthews NC 28105

COUNTY Mecklenburg

MARKET Charlotte MSA

SUBMARKET Matthews, NC

BUILDING SF 133,400 SF

LAND SF 361,548 SF

YEAR BUILT 1972

APN 193-212-14

FINANCIAL SUMMARYOFFERING PRICE $5,000,000

PRICE PSF $37.48

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 6,105 61,988 178,129

2019 Median HH Income $55,025 $70,865 $77,419

2019 Average HH Income $80,719 $102,398 $109,417

Excess Land for Development

New TPO roof on +/-78,000 SF

Heavy Power

High-Grade, Wet Sprinkler

Swamp Cooler Updated 2016

Investment or Owner-User

Seller will consider owner-financing

This +/-133,400 square foot industrial building sits on +/-8.3 acresof light industrial-zoned land in the growing market of Matthews,NC. This property is being offered as an investment property ormay be purchased by an owner-user. Seller will consider owner-financing. The property is currently vacant, but may make anexcellent investment opportunity with the right tenant. Theproperty boasts heavy parking with excess land for parking ordevelopment, a new TPO roof on +/-78,000 square feet.

Page 4: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Location Summary | 04

Location Summary• Matthews, NC is a charming Charlotte Suburb, located +/-13

miles South East of the CBD. The property is convenientlylocated minutes from Hwy 74/Independence Expresswayand I-485. The property is also +/-18 miles from theCharlotte Douglas International Airport

Regional Map

Locator Map

Page 5: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Property Features | 05

PROPERTY FEATURESNUMBER OF UNITS 1

BUILDING SF 133,400

LAND SF 361,548

LAND ACRES 8.3

YEAR BUILT 1972

# OF PARCELS 1

ZONING TYPE I-1

BUILDING CLASS B

NUMBER OF STORIES 1

CEILING HEIGHT 16'-24'

DOCK HIGH DOORS 9 ext

GRADE LEVEL DOORS 2

OFFICE SF 9,917

MECHANICALFIRE SPRINKLERS High-Grade/Wet

ELECTRICAL / POWER 3P

Page 6: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Aerial Map | 06

Page 7: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Demographics | 07

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 3,866 48,831 132,470

2010 Population 5,427 55,896 160,434

2019 Population 6,105 61,988 178,129

2024 Population 6,495 65,518 189,900

2019 African American 960 10,762 31,134

2019 American Indian 21 213 789

2019 Asian 372 3,848 10,558

2019 Hispanic 549 6,249 20,259

2019 Other Race 217 2,887 9,236

2019 White 4,404 42,341 121,148

2019 Multiracial 130 1,896 5,159

2019-2024: Population: Growth Rate 6.25 % 5.55 % 6.45 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 218 1,382 3,721

$15,000-$24,999 274 2,115 4,785

$25,000-$34,999 353 1,981 5,441

$35,000-$49,999 440 3,313 8,023

$50,000-$74,999 710 4,211 11,452

$75,000-$99,999 318 2,827 8,453

$100,000-$149,999 271 4,100 12,026

$150,000-$199,999 216 2,387 6,853

$200,000 or greater 178 2,657 8,189

Median HH Income $55,025 $70,865 $77,419

Average HH Income $80,719 $102,398 $109,417

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 1,792 20,232 53,991

2010 Total Households 2,644 22,560 62,396

2019 Total Households 2,979 24,972 68,943

2024 Total Households 3,171 26,321 73,206

2019 Average Household Size 1.96 2.47 2.57

2000 Owner Occupied Housing 692 12,316 36,258

2000 Renter Occupied Housing 975 6,596 14,763

2019 Owner Occupied Housing 823 14,768 45,785

2019 Renter Occupied Housing 2,156 10,204 23,158

2019 Vacant Housing 119 936 3,770

2019 Total Housing 3,098 25,908 72,713

2024 Owner Occupied Housing 895 15,780 49,123

2024 Renter Occupied Housing 2,276 10,541 24,083

2024 Vacant Housing 122 937 3,925

2024 Total Housing 3,293 27,258 77,131

2019-2024: Households: Growth Rate 6.30 % 5.30 % 6.05 %

Source: esri

Page 8: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Demographics | 08

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 413 3,934 10,623

2019 Population Age 35-39 418 4,308 11,906

2019 Population Age 40-44 349 4,174 11,869

2019 Population Age 45-49 296 4,113 12,319

2019 Population Age 50-54 293 4,121 12,056

2019 Population Age 55-59 298 4,260 12,160

2019 Population Age 60-64 303 3,778 10,860

2019 Population Age 65-69 268 3,032 8,987

2019 Population Age 70-74 226 2,325 7,286

2019 Population Age 75-79 277 1,616 4,956

2019 Population Age 80-84 274 1,049 3,118

2019 Population Age 85+ 548 1,177 3,217

2019 Population Age 18+ 5,049 47,717 135,597

2019 Median Age 41 38 39

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $50,799 $54,365 $60,122

Average Household Income 25-34 $64,582 $76,808 $82,297

Median Household Income 35-44 $58,274 $83,667 $94,499

Average Household Income 35-44 $81,398 $110,598 $120,192

Median Household Income 45-54 $66,249 $101,267 $104,875

Average Household Income 45-54 $99,301 $128,887 $137,508

Median Household Income 55-64 $62,311 $97,219 $94,829

Average Household Income 55-64 $97,641 $127,326 $129,469

Median Household Income 65-74 $60,797 $71,370 $74,064

Average Household Income 65-74 $95,985 $99,125 $102,266

Average Household Income 75+ $74,405 $62,520 $67,947

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 455 4,508 12,814

2024 Population Age 35-39 434 4,327 12,089

2024 Population Age 40-44 403 4,357 12,558

2024 Population Age 45-49 303 4,131 12,096

2024 Population Age 50-54 290 4,207 12,459

2024 Population Age 55-59 269 3,980 11,772

2024 Population Age 60-64 312 4,064 11,742

2024 Population Age 65-69 290 3,501 10,389

2024 Population Age 70-74 267 2,843 8,373

2024 Population Age 75-79 369 2,249 6,763

2024 Population Age 80-84 324 1,403 4,115

2024 Population Age 85+ 565 1,338 3,685

2024 Population Age 18+ 5,375 50,937 145,899

2024 Median Age 42 39 40

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $56,579 $61,243 $70,361

Average Household Income 25-34 $76,581 $88,913 $96,121

Median Household Income 35-44 $66,704 $101,820 $107,063

Average Household Income 35-44 $94,740 $128,700 $136,356

Median Household Income 45-54 $81,983 $112,039 $117,245

Average Household Income 45-54 $117,091 $144,203 $155,075

Median Household Income 55-64 $71,350 $108,254 $106,730

Average Household Income 55-64 $113,126 $143,255 $145,959

Median Household Income 65-74 $68,092 $81,874 $83,690

Average Household Income 65-74 $112,852 $116,359 $118,644

Average Household Income 75+ $88,496 $73,620 $80,225

Page 9: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Demographic Charts | 09

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

Page 10: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial Demographic Charts | 10

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

Page 11: Matthews Industrial...Matthews Industrial Location Summary |04 Location Summary • Matthews, NC is a charming Charlotte Suburb, located +/-13 miles South East of the CBD. The property

Matthews Industrial

Exclusively Marketed by:

Clifford Blanquicet Jr.President(704) [email protected]

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