Office

LakePointe Corporate Center 3 & 5

3735 Glen Lake Drive Charlotte, NC United States 28208
Asking Price Contact for pricing
Sq. Footage 113,106
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2006

Property Description

The Portfolio consists of two premier office buildings, totaling 226,863 square feet ideally positioned within the Charlotte market. Situated in the Airport submarket and just ten minutes south of Uptown Charlotte, the Properties benefit from an amenity-rich location that routinely attracts decision makers and employees alike. The buildings are situated across a scenic 15.1 acre business park featuring a tranquil park-like setting, outdoor seating and walking trails. As a result, the Portfolio leaves a lasting impression on visitors and consistently attracts new tenants and retains existing tenants. In addition, tenants enjoy access to a market-leading on-site amenity package including a state-of-the-art fitness center, full-service café, locker rooms, conferencing facility, and attractive green space. Constructed between 2001 and 2006, LakePointe Corporate Center 3 & 5 have been institutionally owned and maintained since construction, featuring distinctive buildouts and attractive glass lined spaces. Currently 76.4% leased to a diverse creditworthy tenant roster, the Portfolio is a premier office destination for new-to-market users and expanding regional companies.

Investment Highlights

Jones Lang LaSalle Americas, Inc. (“JLL)” has been retained as the exclusive sales representative for LakePointe Corporate Center 3 & 5 (the “Property” or “Portfolio”), a 226,863 square foot, Class A office portfolio located in the thriving Charlotte market. Currently 76.4% leased, the Portfolio offers a rare opportunity to obtain an immediate foothold in the Airport submarket, one of Charlotte’s premier corporate hubs experiencing exponential growth in recent years. With immediate upside potential in LakePointe 3 and stable cash flows from LakePointe 5, investors have the unique opportunity to realize outsized returns from properties that have been experiencing unprecedented recent leasing momentum. Additionally, the investment provides highly coveted, long-term stability with an impressive weighted average lease term of approximately 6.4 years. The Portfolio’s tenant roster represents a diverse group of highly respected companies in a number of different industries including engineering, consumer goods, technology, and more. Boasting more than $1.6 million in recent capital enhancements, LakePointe 3 & 5 are poised for a tremendous long-term outlook. The assets offer an unmatched ability to attract and retain tenants due to best-in-class buildouts, a market-leading amenity package, and premier location in one of the country’s hottest markets.
Ryan Clutter
Ryan Clutter
Senior Managing Director Co-Head
Christopher Lingerfelt
Christopher Lingerfelt
Senior Director

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