4915 hovis road - loopnet€¦ · caraustar industries thinks outside the box in order to make new...

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Single Tenant Industrial Warehouse – Fully Leased to Caraustar Low Rent Structure | 1.5 Miles to Interstate 85 Initial Term Expires on May 30, 2026 4915 HOVIS ROAD, CHARLOTTE, NC JOHN PARKER 864.266.3309 CELL | 864.214.7481 DIRECT [email protected] RYAN KOOP 864.200.6527 CELL | 864.640.6440 (ext. 105) OFFICE [email protected] INDUSTRIAL INVESTMENT OPPORTUNITY: ASKING PRICE: $3,000,000 (8.49 CAP)

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Page 1: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

Single Tenant Industrial Warehouse – Fully Leased to CaraustarLow Rent Structure | 1.5 Miles to Interstate 85Initial Term Expires on May 30, 2026

4915 HOVIS ROAD, CHARLOTTE, NC

JOHN PARKER864.266.3309 CELL | 864.214.7481 [email protected]

RYAN KOOP864.200.6527 CELL | 864.640.6440 (ext. 105) [email protected]

INDUSTRIAL INVESTMENT OPPORTUNITY:ASKING PRICE: $3,000,000 (8.49 CAP)

Page 2: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

4915 HOVIS ROAD TABLE OF CONTENTS

CONFIDENTIALITY DISCLAIMER ....................... 3PROPERTY DETAILS .......................................... 4FINANCIAL HIGHLIGHTS .................................... 5FLOORPLAN ....................................................... 6SITE MAP ............................................................ 7LOCAL MAP ........................................................ 8ABOUT THE MARKET ......................................... 9ABOUT THE TENANT ........................................ 10PHOTOS ........................................................... 11TEAM PROFILE ................................................. 12

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4915 HOVIS ROAD CONFIDENTIALITY DISCLAIMER

CONFIDENTIAL OFFERING MEMORANDUM DISCLAIMER:

The Offering Memorandum was prepared by Broadstreet Partners solely for the use of prospective purchasers of 4915 Hovis Road, Charlotte, NC 28208. The Brokers do not make any representation or warranty, express or implied, as to the completeness or the accuracy of the material contained in the Offering Memorandum.

Prospective purchasers of the Property are advised (1) that changes may have occurred in the physical or financial condition of the Property since the time this Offering Memorandum was prepared and (2) that the projections contained herein were made by Brokers and are based on assumptions of events beyond the control of Brokers, and therefore may be subject to variation. No representation is made by Broadstreet Partners as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the owner and its employees disclaim any responsibility for inaccuracies, and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broadstreet Partners, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or for omissions from the Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the owner since the date of preparation of the Offering Memorandum.

Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. The Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Seller expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. The owner shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer for the Property is approved by seller pursuant to its Investment Committee authorities and the signature of a duly authorized signatory of owner is affixed to a Real Estate Purchase Agreement prepared by owner.

This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree (1) that you will hold and treat the Offering Memorandum and its contents in the strictest confidence, (2) that you will not photocopy or duplicate any part of the Offering Memorandum, (3) that you will not disclose the Offering Memorandum or any of its contents to any other entity without prior authorization of the Owner, and (4) that you will not use the Offering Memorandum in any fashion or manner detrimental to the interest of the owner or Brokers. If you have no further interest in the Property, please return the Offering Memorandum forthwith.

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Page 4: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

Tax Map Number: 057-023-03Mecklenburg County, City of Charlotte, NC+/- 144,908 Rentable Square Feet (of which +/- 6,730 is offi ce)+/- 7.8 acresInitial Term expires on May 30, 2026Two (2), Five (5) year options to extendZoning: I-2Sprinklered, Heavy Power, Masonry and Metal Construction, FencedCeiling Heights in Warehouse/Manufacturing area range from 13′7″ to 29′Public Transit stop in front of property Original building was constructed in 1954 and expanded in 1979Located in established industrial park in the heart of Charlotte, NC

4915 HOVIS ROAD PROPERTY DETAILS

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Page 5: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

4915 HOVIS ROAD FINANCIAL HIGHLIGHTS

Annual Base Rent of $254,556.00 ($1.76 PSF)Initial Term Expires on May 30, 2026Two (2), Five (5) year options to renewTenant responsible for: taxes, insurance, utilities, and maintenanceLandlord responsible for: structure

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Page 6: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

4915 HOVIS ROAD FLOORPLAN

DISCLAIMER: This information is believed to be accurate but no warranties are implied or given. For reference purposes only.

HOVIS ROADS N

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4915 HOVIS ROAD SITE MAP

SITE

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Page 8: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

4915 HOVIS ROAD LOCAL MAP

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SUBJECTPROPERTY

2 MILES

4 MILES

6 MILES

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4915 HOVIS ROAD ABOUT THE CHARLOTTE MARKET & SUBMARKET

The Charlotte Industrial Market consists of approximately 332,479,000 square feet, of which over 300,000,000 square feet is classifi ed as Warehousing, with the remaining 32,479,000 square feet classifi ed as Flex. The subject property is within the I-85/Beatties Ford Industrial Submarket. This submarket includes approximately 14,000,000 square feet of Warehousing and has a 7.7% vacancy rate, with average quotes rents at $3.71 PSF.

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Page 10: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

4915 HOVIS ROAD CONFIDENTIALITY DISCLAIMER4915 HOVIS ROAD ABOUT THE TENANT

Headquartered in Austell, Georgia, Caraustar was founded in 1938 as Carolina Paper Board Corporation. Its name contains its origin: it’s a combination of Carolina Paper Board (fi rst facility), Austell Paper Board (second mill) and Star Paper Tube (fi rst tube facility) … Car + Au + Star.

Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company makes 100% recycled paperboard and converted paperboard products for end-use markets such as tubes/cores, folding cartons, gypsum facing paper, and specialty products. Caraustar's business groups includeRecovered Fiber, Mill, Consumer Packaging, and Industrial Packaging. The company's carton and packaging products are used to box a variety of consumer goods.

The facility in Charlotte specializes in Recycling, of which there are 19 recycling locations across the U.S.

For additional information on Caraustar, please visit the company's website at www.caraustar.com.

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4915 HOVIS ROAD PHOTOS

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Page 12: 4915 Hovis Road - LoopNet€¦ · Caraustar Industries thinks outside the box in order to make new ones, and is one of North America’s largest integrated manufacturers of 100% recycled

Broadstreet Partners is a boutique commercialreal estate fi rm specializing in development, investment sales, and brokerage.

The Broadstreet Partners fi rm combines the experience, capability and professionalism of a national real estate company with the agility and responsiveness of a boutique fi rm. Known for their creative approach, entrepreneurial insight and diverse transactional experience, Broadstreet forges strategic and long-lasting partnerships with clients that equip them to be competitive in an ever-changing market.

JOHN PARKER joined Broadstreet Partners in 2014, bringing more than 15 years of experience in asset management, transaction management and development, with a particular focus on industrial, offi ce, and investment sales. Prior to joining Broadstreet, John served as a member of the industrialand offi ce brokerage teams at CBRE. He also led project management on the Bank of America corporate services account at Trammell Crow Company in Charlotte, NC. John’s diverse background in the industry gives him a versatile understanding of how all parties think in a transaction. He is an active member of the Urban Land Institute and holds a BS in Political Science from the University of Georgia.

864.266.3309 CELL | 864.214.7481 [email protected]

RYAN KOOP serves as an Industrial and Capital Markets broker for Broadstreet Partners where he leverages his fi nance and corporate real estate experience on behalf of clients. Prior to working for Broadstreet Partners, Ryan worked as a broker in the Industrial Services group of CBRE. Ryan also served as a Senior Account Executive for LM Funding, a niche Private Equity group in Tampa, FL, where he was responsible for business development and underwriting. Prior to these experiences, Ryan worked with First American Title Insurance Company in their National Commercial Services division where he specialized in underwriting and due diligence on multi-state commercial transactions. Ryan holds a Masters in Real Estate Development from Arizona State University, an MBA from The Citadel, and a BS from the University of South Carolina.

864.200.6527 CELL | 864.640.6440 (ext. 105) [email protected]

BROADSTREET PARTNERS TEAM PROFILE

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