Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2019

Property Description

Delivered in June 2019, 605 Lexington is a newly constructed, three-story office asset consisting of 18,282 SF. Featuring an innovative design, best-in-class buildouts, sweeping views of Uptown Charlotte, and convenient surface parking, the asset is a premier office building in the most booming submarket in Charlotte. The asset features attractive brick and glass facades and an innovative modern design distinguishing it as one of Charlotte’s newest iconic office buildings. Impressive buildouts, Class A interior finishes, and a scenic outdoor patio, leave a lasting impression on tenants and visitors and will greatly benefit investors long-term leasing efforts. Moreover, as a newly constructed property, there will be no deferred maintenance for investors.

Investment Highlights

  • Jones Lang LaSalle Americas, Inc. (“JLL)” has been
  • retained as the exclusive sales representative for 605
  • Lexington (the “Property” or “Portfolio”), an 18,282
  • square foot, Class A office portfolio located in the thriving
  • Charlotte market. Currently 100% leased, the Portfolio
  • offers a rare opportunity to obtain a new asset in the
  • fastest growing and tightest submarket within Charlotte,
  • South End/Midtown. With construction completing in the
  • summer of 2019, 605 Lexington is a brand-new asset,
  • providing investors limited deferred maintenance for the
  • long-term. The offering is 100% leased to a diverse group
  • of highly respected companies in a number of different
  • industries including Real Estate, Architecture, Engineering,
  • and Construction. The asset offers 5.7 years of weighted
  • average lease term and a unique core opportunity within
  • the submarket. With trailing 5-year rental rate growth
  • of over 50% in the South End/Midtown submarket, 605
  • Lexington not only provides current stability and strong
  • cash flow, but also the chance to continue to grow rates in
  • the years to come. The asset offers an unmatched ability
  • to attract and retain tenants due to best-in-class buildouts,
  • convenient surface parking, and a premier location in one
  • of the country’s hottest markets.
Christopher Lingerfelt
Christopher Lingerfelt
Senior Director
Ryan Clutter
Ryan Clutter
Senior Managing Director Co-Head

JLL  financing

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