600 Park Drive
Industrial | 38,841 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of 600 Park Drive with the opportunity to acquire a multi-tenant industrial asset strategically positioned in Statesville, within one of the region's most active secondary industrial corridors.
The property consists of approximately 38,841 square feet situated on 2.32 acres and is currently configured for flexible multi-tenant occupancy. The asset is currently 49% occupied with two in-place tenants operating under NNN lease structures, providing immediate cash flow while preserving significant upside through the lease-up of two vacant suites representing approximately 51% of total rentable area.
The property offers functional features that continue to attract a broad range of small-bay industrial and service-oriented tenants, including 12'-14' clear heights, dock-high loading, drive-in access, three-phase power, paved parking, and flexible suite configurations. The multi-tenant layout reduces reliance on any single tenant and allows ownership to target a diverse tenant base including distribution, contractor, light manufacturing, and service-industrial users.
Located just minutes from both Interstate 77 and Interstate 40, the asset benefits from direct access to Charlotte, Winston-Salem, Greensboro, and broader Southeastern logistics corridors. As new industrial development continues to focus on larger institutional distribution facilities, 600 Park Drive fills an increasingly important niche for smaller tenants seeking functional space at competitive occupancy costs.
Investment highlights
- IN-PLACE INCOME WITH MEANINGFUL LEASE-UP UPSIDE - The property provides immediate cash flow through two in-place NNN tenants while maintaining significant upside through the lease-up of approximately 51% currently vacant space. This structure allows investors to generate near-term income while creating a clear path to NOI growth through leasing execution.
- FLEXIBLE SMALL-BAY INDUSTRIAL FUNCTIONALITY - The four-suite configuration, combined with dock-high loading, drive-in access, three-phase power, and functional clear heights, supports a wide range of industrial and service-oriented users. The property's flexible design broadens tenant demand and reduces reliance on any single occupancy profile over time.
- GROWING DEMAND FOR INDUSTRIAL SPACE IN STATESVILLE - Statesville's industrial market has low vacancy rates and rising demand as businesses seek affordable, well-connected locations. With Charlotte's market becoming more competitive, companies are turning to Statesville as a cost-effective alternative. This strong demand creates a stable environment for users and investors.
- ESTABLISHED INDUSTRIAL LEASING DYNAMICS - Statesville benefits from its affordable rates, central location, and diversified industrial tenant base, contributing to long term income durability and reduced rollover exposure. The asset benefits from sustained leasing demand for small- and mid-bay industrial product, which continues to outperform bulk distribution space across the greater Charlotte region.
- STRONG REGIONAL ECONOMIC GROWTH DRIVING INVESTMENT POTENTIAL - Statesville is growing steadily due to infrastructure investments, business-friendly policies, and a skilled workforce. Its appeal to industrial users makes this a solid long-term investment. Lower business costs than larger metro areas further enhance its attractiveness.
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