1200 Atando AveCharlotte, NC 28206

Property Details for 1200 Atando Ave

Year built

1979

Lot size

5.91 AC

Property size (Sq ft)

118,165 SF

Zone code

I-2

Property type

Warehouses

APN

7710101

APU

7710101

Description

This exceptional 17,454-square-foot warehouse space, identified as Suite B, presents a unique sublease opportunity at a below-market rate. Located in a prime industrial area (specific location details unavailable), this single-tenant property is ideal for businesses seeking efficient and cost-effective warehouse solutions. The building's industrial design is well-suited for a variety of uses, offering ample space for storage, distribution, or light manufacturing. The property is classified as an industrial warehouse and is currently available for sublease. The single-tenant occupancy ensures privacy and control over the entire space. This sublease presents a significant advantage for businesses seeking immediate occupancy and a competitive financial arrangement. The substantial square footage provides ample room for operations and inventory management. Given the below-market rate, this represents a compelling opportunity to secure high-quality warehouse space at a significantly reduced cost compared to typical market rates. Interested parties are encouraged to inquire promptly to secure this exceptional sublease opportunity. Further details regarding lease terms and conditions are available upon request. The property is ready for immediate occupancy, allowing for a seamless transition for your business operations. This is a rare chance to acquire a substantial warehouse space at a highly favorable price point.

• CAP approach

  CAP return

  Valuation

  6%

  $64,979,600

  6.5%

  $59,981,200

  7%

  $55,696,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,016,100

  Geo Method

  $32,016,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $30,676,200

  Mixed-Use / Specialty

  $30,502,400

  Hospitality / Lodging

  $22,294,700

  Office

  $30,254,000

  Institutional / Educational

  $31,687,100

  Residential Income

  $37,073,900

  Multifamily

  $44,822,000

  Automotive / Energy

  $27,160,400

  Parking / Income-Based Land

  $9,436,430

  Restaurant / Food Service

  $15,726,900

  Healthcare / Senior Housing

  $31,345,700

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2621

Longitude

-80.8249

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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