| CREOP

Property Pricing

After conducting an in-depth analysis of the Westinghouse Industrial market over the last 24 months, we've observed that property prices generally range between $108 and $140 per square foot. It's worth noting that all compared properties were leased, and the one that was listed for sale (10021 Westlake) is now under contract. A prime example is the property at 3600 Westinghouse, which sold for $139.50 per square foot. Our initial target selling price was set at $20 million. However, considering the unique value and rarity of your unoccupied industrial property, we've added a 10-15% premium. This adjustment brings our recommended target price range to $22 to $23 million. While other properties in the area have sold with capitalization rates between 3% and 4.5%, the scarcity of an unoccupied property like yours justifies this premium.

Ardor Proposal on Pricing

Sale Proposal: Our commission for selling the property stands at 2% of the selling price, payable at closing. There are no upfront costs. Additionally, we offer optional add-ons through Loopnet. We can discuss these options and their benefits with a Loopnet representative. Ardor does not receive any compensation from Costar or Loopnet for these additional services.

Charlotte's Industrial Zone

Nestled in one of the largest industrial parks in Charlotte, North Carolina, this industrial manufacturing property is a gem in the heart of a thriving business hub. The property boasts a state-of-the-art manufacturing facility designed with efficiency and productivity in mind. It is equipped with modern infrastructure and technology, making it an ideal choice for businesses looking to expand their operations. The property's strategic location within the industrial park offers unparalleled access to key transportation routes, making it a logistical dream. It is conveniently situated near the intersection of I-77, I-85, and I-485, providing easy access to these major highways. Additionally, the property is in close proximity to the airport, further enhancing its appeal for businesses with high shipping and receiving needs.
Thanks to its robust infrastructure, strategic location, and business-friendly environment, Charlotte continues to be a magnet for large industrial companies. The city's commitment to fostering a thriving industrial sector has led to significant investments in infrastructure and amenities that cater to these businesses. The city's strategic location in the Southeast, coupled with its extensive transportation network, makes it an ideal hub for distribution and manufacturing. The close proximity to major highways and the airport not only ensures efficient logistics and distribution but also provides easy access to both domestic and international markets.
This property's value lies in its strategic location, modern facilities, and the growing industrial market of Charlotte. The city's ongoing growth and the influx of large industrial companies make this an opportune time to invest in industrial real estate in the area. The property's location in one of the largest industrial parks in the city, its proximity to major transportation routes, and the growing demand for industrial spaces in Charlotte combine to make this property a valuable asset for any industrial business or investor. In summary, this industrial manufacturing property offers a unique blend of strategic location, modern infrastructure, and access to a thriving industrial market, making it a highly valuable asset in Charlotte's industrial real estate landscape.