2 Locations

Rare opportunity to acquire a newly developed industrial warehouse condominium portfolio in one of the most supply-constrained and high-demand markets in the Southeast. Phase III at LKN Luxury Garages delivers 42 luxury warehouse condo units totaling 48,075 SF, purpose-built for the Lake Norman/Mooresville corridor — a market cannot keep up with demand.

Located in the heart of "Race City USA," Mooresville is home to over 200 motorsports-related businesses, a highly skilled workforce, and a dense concentration of manufacturing, fabrication, and specialty trade tenants who need exactly this type of space. The greater Charlotte MSA continues to experience explosive population growth, with an estimated 157 new residents arriving every single day — driving sustained demand for industrial, flex, and storage product at every price point.

This offering is supported by a conservative, proven-concept proforma averaging $18.00/SF, generating $865,200 in projected annual gross income with a net income of $837,316.50 after estimated property taxes. Unit sizes range from 1,000 to 1,925 SF, with HOA fees passed through to tenants (Phase III will have its own HOA so buyer keeps controlling interest), keeping ownership expenses lean. The transaction is structured with a $2,500,000 building deposit and $10,000,000 at closing for a total of $12,500,000.

The Lake Norman/Mooresville submarket has consistently demonstrated near-zero vacancy for small-bay industrial product. With no comparable new inventory in the pipeline and continued regional population and business growth, Phase III represents a stabilized income play with significant upside as the surrounding development matures.

Units delivered vacant — ideal for an investor seeking to lease at market or an operator looking to control their own occupancy strategy from day one.