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4801 E Independence Blvd
Charlotte, NC 28212
Independence Tower · Office Property For Sale
Investment Highlights
- With rents below market, the property provides significant upside potential through strategic lease optimization & proactive asset management.
- The property is well-positioned for future growth and enhanced returns.
- The property offers exceptional visibility, prominent location, and unparalleled views of the Charlotte skyline.
- A savvy investor can unlock substantial value through modest lease modifications and thoughtful operational improvements.
Executive Summary
The Iconic "Big Gold Building"
Value Add Opportunity
Below market rents with clear upside potential through renovations/TLC
High vacancy offering significant lease-up potential
5.5 acres
Value Add Opportunity
Below market rents with clear upside potential through renovations/TLC
High vacancy offering significant lease-up potential
5.5 acres
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
140,778 SF
Building Class
B
Year Built/Renovated
1972/2018
Price
$15,281,200 CAD
Price Per SF
$108.55 CAD
Cap Rate
6.88%
NOI
$1,051,374 CAD
Percent Leased
70%
Tenancy
Multiple
Building Height
11 Stories
Typical Floor Size
11,625 SF
Slab To Slab
12’
Building FAR
0.65
Lot Size
5.00 AC
Zoning
B-2 - Business
Parking
350 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Convenience Store
Property Taxes
| Parcel Number | 133-025-39 | Improvements Assessment | $13,905,336 CAD |
| Land Assessment | $4,342,083 CAD | Total Assessment | $18,247,419 CAD |
Property Taxes
Parcel Number
133-025-39
Land Assessment
$4,342,083 CAD
Improvements Assessment
$13,905,336 CAD
Total Assessment
$18,247,419 CAD
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