SARDIS BUSINESS PARK

SARDIS BUSINESS PARK

3900-4004 SARDIS CHURCH RD | INDIAN TRAIL (CHARLOTTE), NC 28110

VIEW VIDEO PROPERTY TOUR

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CONTACTS DAVID HANNA Foundry Commercial 704-705-3862

David.Hanna@

CASEY MULHERN Foundry Commercial

704-705-1182

Casey.Mulhern@

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SARDIS BUSINESS PARK

DASHBOARD

$228,797

Pro Forma NOI

PROPERTY DETAILS

3900-4004 Sardis Church Rd, Indian Trail, NC 28110

PINs #: 07069198, 09069197, 07069186, 07069185, 07069184

40,000 SF

Total GLA

100%

Occupancy

1995-1998

Year Built

6.59 AC

Total Land Size

Free & Clear

Debt

PROPERTY SPECS

Submarket

Union County

Zoning

Regional Business District (RBD)

Total Size

40,000 SF

Land Size

6.59 AC

# of Buildings

5

Building Dimensions (per building) 80'x100'

Years Built

1995-1998

Approximate Office (% per unit) 16%

Clear Height (per building)

13' - 16'

Dock High Doors (per building) 4 Dock High Doors (10' x 10')

Drive In Doors (per building)

2 Grade Level (12' x 12')

Truck Court Depth

75' ? 100'

PROPERTY HIGHLIGHTS

Diversification ? Featuring five (5) buildings with twenty (20) separately demised suites, the park

enables investors to diversify their risk.

Stable Cash Flow ? Historically high occupancy with a wait list of future tenants. ? Average tenure of existing tenants is 4.9 years with several maintaining occupancy

for over 10 years. ? The property has historically had low turnover costs and short downtime.

Upside ? Several suites have below market rent, giving buyers the opportunity to mark rents

to market and quickly grow NOI.

Tight Industrial Submarket ? The Union County Industrial submarket consists of just over 18 million square feet

with a vacancy rate of 2.6% and average rental rate of $6.56/SF. ? There is limited construction of competing speculative industrial projects with only

37,254 SF delivered in the last three months, all of which is 100% occupied.

Excellent Location ? Situated with frontage along Sardis Church Road the park is approximately 1.3 miles

to the newly opened Monroe Connector and only 0.25 miles from Highway 74. Interstate 485 is 4.4 miles to the north providing easy connectivity to Interstates 77, 85 and the greater Charlotte region.

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MARKET OVERVIEW

CHARLOTTE, NC

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CHARLOTTE, NORTH CAROLINA

#5

Best Places for Business & Careers

- Forbes

ACCOLADES

#21

Best Places in Job Growth

- Forbes

#22

Best Places to Live in the United States

- US News & World Report

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MTAABRLKEE TOFOVCEORNVTIEENWTS- CH ARLOTTE, NC

JOBS & INVESTMENT

Charlotte The Charlotte metropolitan region consists of 2.53 million people encompassing a 10-county region that spans portions of both North and South Carolina. Charlotte is now the 17th largest city in the U.S. and has been on of the fastest growing markets in the country over the past two decades. The region appears poised for strong future growth behind a diversifying economy based around banking, energy and manufacturing.

Number of Regional Employees

Atrium Wells Fargo Company Charlotte-Mecklenburg Schools

Wal-Mart Stores Inc Bank of America Corporate

Novant Health American Airlines Delhaize America Inc. Harris Teeter Inc. Duke Energy Corp

0

5,000

18,495 17,100 15,000 11,698 11,000 9,078 8,239 7,900

24,000

35,700

10,000 15,000 20,000 25,000 30,000 35,000 40,000

20%

Employment increases projected over next 5 years

6

50%

Increase in Annual Rate of Venture Capital Funding

since 2010

$$$

236

Million Dollars in Venture Capital Funding was invested in 2015

INFRASTRUCTURE

5TH

Busiest airport in the nation, measured by takeoffs and landings

700

Departures and landings daily out of Charlotte-Douglas International Airport.

10%

9 active gates were added in July 2018, increasing the airports

capacity by 10%.

TCAHBALRELOTFTCEOI N DTEUNSTTSRIAL M ARKET

Throughout the nine-county region, the Charlotte industrial market is comprised of 327 million square feet of inventory which is currently 94% leased on the heels of 3.7MM SF of positive net absorption within the last twelve months.

Net Absorption SF Direct

8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000

0 2011 2012 2013 2014 2015 2016 2017 2018 YTD

Occupancy Rate

95.0% 94.0% 93.0% 92.0% 91.0% 90.0% 89.0% 88.0% 87.0%

2011 2012 2013 2014 2015 2016 2017 2018 YTD

Submarket State Line

Inventory SF 47,983,204

Occupancy Rate 91.5%

Market Rent NNN/SF Annual Rent Growth

$6.37

4.4%

York County

31,649,830

91.8%

$5.76

5.1%

Iredell County

30,180,087

97.6%

$5.52

5.9%

Gaston County

29,440,276

96.9%

$4.25

6.2%

North

25,231,610

94.1%

$7.80

5%

Cabarrus County

24,412,805

88.1%

$7.13

5.3%

Union County

18,350,732

97.4%

$6.56

5.9%

Airport/West

18,057,041

91.9%

$6.37

4.6%

I-85/Beatties Ford Rd 15,349,873

95.7%

$5.50

5.5%

Rowan County

14,541,835

86.1%

$3.77

5.1%

Lincoln County

11,433,929

95.1%

$5.04

0.2%

Sugar Creek

10,540,038

96.4%

$7.15

5.8%

Tyvola Rd

10,263,920

96.1%

$8.38

4.9%

East

8,656,156

96.5%

$8.33

5.5%

Chester County

8,459,551

96.1%

$3.34

5.9%

Lancaster County

6,674,268

84.2%

$3.31

7.2%

Mecklenburg County 6,056,818

95.9%

$8.85

5.9%

I-177/30th St

3,382,572

94.9%

$7.74

8.5%

I-277/Remount Rd

2,482,381

94%

$9.77

6.1%

Freedom Dr

2,092,590

100%

$6.76

5.8%

CBD

975,439

96.9%

$12.23

6.2%

South

365,287

93.3%

$11.88

6.3%

Total 326,580,242

94.1%

$6.90

5.5%

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TUANBIOL EN OCFOCUONNTYTEANTTAS G LAN CE

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236K POPULATION

184

MANUFACTURING FIRMS

14.8K 4.5K

MANUFACTURING EMPLOYEES AEROSPACE EMPLOYEES

#1

COUNTY FOR INCOMING INVESTMENT

#1

AEROSPACE CLUSTER IN NC

Top 5

BOEING SUPPLIER SITE IN SOUTHEAST

Top 5

IN AEROSPACE RECRUITMENT NATIONWIDE

Top 10

AEROSPACE CLUSTER IN THE SOUTHEST

Top 3

COUNTY FOR AGRI-BUSINESS IN NC

Top 10

"NO-BRAINER" LOCATION FOR MANUFACTURING

Top 3

BEST WORKFORCES IN NC

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