Piedmont Properties/CORFAC International, a leading full-service commercial real estate provider serving the Charlotte market, has announced the completion of the sale of an industrial building located at 10817 Southern Loop Boulevard. The property measures 10,088 square feet and is zoned I-2.
The property was sold by 10817 Southern Loop LLC to Pray Investments, LLC for $1,250,000.
Christian Samartino, Piedmont Properties/CORFAC International represented the seller and Brian Smith of Regent Commercial Real Estate represented the buyer.
Christian Samartino comments, “The building had a large amount of interest quickly, as there are many owner/users in the market for 10,000-square-foot buildings. We have seen a lot of demand from tenants with growing businesses looking to take advantage of low interest rates, so they decide to purchase rather than lease. The sale of Southern Loop is a prime example of the continued strong demand in Charlotte’s industrial corridors.”
Piedmont Properties of the Carolinas, Inc. is a commercial real estate firm located in Charlotte, North Carolina established in 1993 in response to demand for a highly responsive and focused firm offering full service commercial real estate expertise to private sector clients, including entrepreneurs and publicly traded entities alike. Piedmont Properties’ vision is to be and build upon our reputation as a high quality, client-oriented real estate service firm offering our services to local and worldwide corporations. Piedmont Properties brings a team approach to the services we provide to our clients by bringing to the table at any one time a team of real estate professionals who can meet the objectives of our clients. Our brokers provide clients with experience in sales and leasing; tenant representation; site selection; disposition; investments; tax-deferred exchanges; build-to-suit; and real estate evaluations.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. CORFAC has more than 80 offices throughout the Americas, Europe and Asia and in 2016 was recognized as a top 20 Commercial Real Estate Brokerage Services firm by the National Real Estate Investor. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions in 2015 totaling 500 million square feet of space valued in excess of $8.5 billion.