Small Bay Flex in Charlotte, NC 10420-10440 John Price Rd 61,557 SF 100% Leased Flex Building Charlotte, NC 28273 $24,572,519 CAD ($399.18 CAD/SF) 6.05% Cap Rate

This newly constructed, Class A small bay flex property at 10420 John Price Road in Charlotte, NC presents a rare investment opportunity in one of the fastest-growing industrial markets in the United States. Completed in 2023, the asset comprises three modern buildings totaling 61,517 SF on nearly 7 acres, offering a stabilized income stream with 100% occupancy and a strong tenant mix. The property is fully leased with a weighted average lease term of 2.94 years, generating a current NOI of $1,088,609, which provides immediate cash flow and long-term upside for investors.
Designed for versatility and efficiency, the buildings feature 24-foot clear heights, a combination of dock-high and drive-in loading options, and a 120-foot truck court to accommodate a variety of industrial and service-oriented users. The property includes 14 dock doors, 6 drive-in doors, and 96 parking spaces, ensuring optimal functionality for tenants. Fully sprinklered for safety and compliance, the construction incorporates durable materials such as slab-commercial framing, stucco hardcoat exteriors, and metal roofing.
Strategically located within one mile of Westinghouse Boulevard, the property offers direct access to I-77 and I-485, providing exceptional regional connectivity. Charlotte’s thriving economy, robust population growth, and proximity to major transportation hubs, including Charlotte Douglas International Airport, further enhance the asset’s appeal. This investment combines modern design, strong lease fundamentals, and a prime location in a high-demand industrial corridor, making it an ideal acquisition for investors seeking stability and growth potential.