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The Blake House 21000 Torrence Chapel Rd 8,471 SF 100% Leased Office Building Cornelius, NC 28031 $5,133,094 CAD ($605.96 CAD/SF)
Investment Highlights
- Fully leased office asset providing immediate income stability.
- Located less than a quarter mile from I-77, Exit 28, offering superior regional access.
- Walkable to restaurants, banking, grocery, and retail amenities surrounding Torrence Chapel Rd.
- Comprehensive building renovation completed in 2024.
- Ample on-site parking enhances convenience for tenants and visitors.
Executive Summary
This offering presents a fully stabilized investment opportunity in the heart of Cornelius, North Carolina. Positioned just off I-77 at Exit 28, this two-parcel property features 9,135 square feet on approximately 0.80 acres. The building underwent a complete renovation in 2024, modernizing systems and finishes while preserving its classic architectural design. Currently fully leased, the asset provides investors with immediate income from a long-term tenancy structure, reducing near-term rollover risk.
Cornelius lies within the thriving Charlotte metro, known for robust population growth, strong economic fundamentals, and a diverse business environment. The property is within walking distance of restaurants, banking, grocery stores, and multiple retail options, adding exceptional convenience and tenant appeal. Situated only 25 miles from Charlotte-Douglas International Airport, with quick connectivity via I-77, the location supports sustained demand from businesses seeking accessibility and high-quality suburban office environments.
Offered at $3,695,000, this property combines the security of predictable cash flow with the benefits of recent capital improvements, making it an attractive long-term hold for investors focused on growth markets.
Cornelius lies within the thriving Charlotte metro, known for robust population growth, strong economic fundamentals, and a diverse business environment. The property is within walking distance of restaurants, banking, grocery stores, and multiple retail options, adding exceptional convenience and tenant appeal. Situated only 25 miles from Charlotte-Douglas International Airport, with quick connectivity via I-77, the location supports sustained demand from businesses seeking accessibility and high-quality suburban office environments.
Offered at $3,695,000, this property combines the security of predictable cash flow with the benefits of recent capital improvements, making it an attractive long-term hold for investors focused on growth markets.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,471 SF
Building Class
B
Year Built
1998
Price
$5,133,094 CAD
Price Per SF
$605.96 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,236 SF
Slab To Slab
11’
Building FAR
0.24
Lot Size
0.80 AC
Zoning
NMX - Commercial
Parking
47 Spaces (5.55 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 001-179-48 | Improvements Assessment | $1,729,415 CAD |
| Land Assessment | $664,454 CAD | Total Assessment | $2,393,869 CAD |
Property Taxes
Parcel Number
001-179-48
Land Assessment
$664,454 CAD
Improvements Assessment
$1,729,415 CAD
Total Assessment
$2,393,869 CAD
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The Blake House | 21000 Torrence Chapel Rd
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