For Sale: Offers requested : Trophy Class A, 95% Leased Medical Office Building in Ballantyne, North Carolina

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 
Chris Bodnar
Vice Chairman
+1 303 628 1711 
Ryan Lindsley
Senior Director
+1 303 628 1745 

CBRE Carolinas Institutional Properties

Patrick Gildea
Executive Vice President
+1 704 331 1217 
Matt Smith
Senior Associate
+1 704 331 1286 

CBRE Debt & Structured Finance

Harris Ralston
Vice President
+1 704 927 1457 


The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In