University City - Class A Retail Condos

Investment Highlights:

  • Three class A retail condo units located at Pinnacle Point Building III in the University City area of Charlotte, NC
  • 7,417 rentable square feet
  • Constructed in 2006
  • Desirable location just north of UNC-Charlotte near I-85
  • Pedestrian-friendly PUD with a "Main Street" atmosphere
  • Units available together or separately, asking $210/sf
  • Unit 150: 1,935 square feet, leased to a strong regional tenant, current NOI is $34,380, 8.46% CAP rate
  • Unit 120-130: 2,484 square feet, leased to strong regional tenant, current NOI is roughly $40,000, lease renewal is out for signature
  • Unit 106: 2,998 square feet, vacant, warm vanilla shell, signed lease with strong local tenant is very close, also available for owner/occupant
  • Location: University City, near the intersection of Mallard Creek Church Road and Berkeley Place Drive.  Just north of UNC-Charlotte.  Just east of I-85.

Atlantic Real Estate Advisors is pleased to announce the exclusive sale listing of the three ground level retail condominium units, available together or separately, and located at 10210 Berkeley Place Drive in Charlotte, NC (Pinnacle Point, Building III).  Located in the University City neighborhood near the intersection of Mallard Creek Church Road and Berkeley Place Drive, the subject property is just north of UNC-Charlotte's main campus an djust east of Interstate 85 at exit 45.

Contact Atlantic Real Estate Advisors for more information.

LoopNet link: http://www.loopnet.com/Listing/18966420/10210-Berkeley-Place-Drive-Charl...