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4801 E. Independence Blvd., Charlotte, NC 28212

KS
NC 159770
New South Properties
JC
NC 351666
New South Properties
Listed by New South Properties
$11,000,000
2 days on market
Updated 2 days ago

Independence Tower

Details
Property Type Office
Sub Type Traditional Office
Square Footage 140,000
Cap Rate 6.80%
NOI $756,820
Occupancy 61.46%
Tenancy Multi
Price per SqFt $79
Acreage 5.500
Parking Spaces 350 spaces
Parking Per SqFt 2.50
Investment Type Value Add

Office | 6.80% CAP | 140,000 SqFt

Marketing description

New South Properties is pleased to exclusively offer for sale the "Big Gold Building," an iconic Charlotte office asset located at 4801 E. Independence Boulevard (the "Property"). A landmark along one of Charlotte's primary commercial corridors for more than 50 years, the Property presents a rare opportunity to acquire a well-located asset with significant value-add potential. With approximately 47,971 square feet of vacancy, the offering provides immediate lease-up upside and a compelling repositioning opportunity.

Strategically positioned along the Independence Boulevard corridor, just minutes from Uptown Charlotte, the Property benefits from exceptional visibility and accessibility. The asset serves as a prominent gateway to East Charlotte, a submarket known for its international community, older established neighborhoods and reinvestment/redevelopment opportunities. The surrounding area is anchored by established neighborhoods including Eastland, Oakhurst, Plaza Midwood, and Windsor Park, which contribute to the corridor's long-term growth and appeal.

The offering presents investors the opportunity to acquire a legacy asset at an attractive basis with embedded upside through lease-up, capital improvements, and strategic repositioning. Current in-place rents are estimated to be below market, providing a clear mark-to-market opportunity upon stabilization.

Investment highlights

  • Iconic 140,000 SF Charlotte Office Tower Offered at Approximately $79/SF with In-Place Income and Significant Lease-Up Upside
  • Offered at ~$79/SF Available
  • Below-Market In-Place Rents
  • Prominent 68,319 VPD Corridor Visibility
  • ~10% Mark-to-Market Rent Upside

Listing Contacts

KS
NC 159770
New South Properties
JC
NC 351666
New South Properties
Listed by New South Properties

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$756,820.00
$63,068.33/mo

Valuation Metrics

0
DSCR
6.88%
Cap Rate
6.88%
ROI

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