Offers requested by Tuesday, February 13th, 2018 – 5:00 Pm Est
The Offering
CBRE is pleased to exclusively offer the opportunity to acquire the Harper Building (the “Property”). The Property is a 47,007 square foot trophy, Class A medical office building that is currently 95% leased to a variety of healthcare provider tenants, including 40% anchor occupancy by Carolina Neurosurgery & Spine and 22% occupancy by two leading, investment grade credit tenants – Carolinas HealthCare System and Novant Health Presbyterian Medical Center. The Property has an average remaining lease term of 6.13 years with only one tenant’s term scheduled to expire in the next 5 years, providing a new owner with a stable and long-term cash flow for the foreseeable future.
The Property was constructed in 2006 within the Ballantyne Corporate Park (the “Park”), a 535-acre master planned development that includes more than four million square feet of Class A office space, two million of which is LEED® Gold certified. The Park features nearly 600 hotel rooms as well as restaurants, medical and retail amenities. Ballantyne has seen exceptional growth over the last decade and has become the premier destination for new residences, work and recreation on the south side of the Charlotte MSA.
Investment Highlights
- Anchored By Large Neurosurgery Physician Practice
- Two Investment Grade Health System Tenants
- Measured Exposure With A Stable, Growing Cash Flow
- Diverse, Synergistic Tenant Mix
- Highly Accessible, Amenity Rich Location
- Affluent, High Growth Corridor
- Excellent Parking Ratio
- Appealing Healthcare Trends
- Delivered Free And Clear Of Any Debt
Contact Information
CBRE U.S. Healthcare Capital Markets Group
Lee Asher Executive Vice President +1 404 504 5965 lee.asher@cbre.com |
Chris Bodnar Vice Chairman +1 303 628 1711 chris.bodnar@cbre.com |
Ryan Lindsley Senior Director +1 303 628 1745 ryan.lindsley@cbre.com |
CBRE Carolinas Institutional Properties
Patrick Gildea Executive Vice President +1 704 331 1217 patrick.gildea@cbre.com |
Matt Smith Senior Associate +1 704 331 1286 matthew.smith@cbre.com |
CBRE Debt & Structured Finance
Harris Ralston Vice President +1 704 927 1457 harris.ralston@cbre.com |
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