Charlotte, North Carolina – Our NNN Commercial Real Estate news today is on a net lease of a distribution warehouse. The NNN Commercial Real Estate development in Claremont, North Carolina was net leased to a division of Williams-Sonoma. This NNN Commercial Property development consists of approximately 411,711 square feet of leaseable space. Sutter Street Manufacturing, a division of Williams-Sonoma has a net lease on 100% of this distribution warehouse net leased property. This property is an excellent choice for Williams-Sonoma with its 36’ clear ceiling heights.
This North Carolina NNN Commercial Real Estate development is situated at 2973 Kelly Boulevard in Claremont, with 28610 as the zip code. The Commercial property Owner is Kelly Boulevard Associates, LLC, and is made up of a joint venture (JV) of JER Partners from McLean, Virginia, and Fulcra Enterprises. The Commercial Property Joint Venture partner Fulcra Enterprises is headquartered in Cornelius, North Carolina. The joint venture of JER Partners and Fulcra Enterprises purchased the commercial property, which is a Class A Industrial Investment, for $9.5 million. The NNN Commercial Real Estate development in Claremont is approximately 45 miles from the Charlotte – Douglas International Airport.
The North Carolina NNN Commercial Real Estate development was acquired by JER Partners and Fulcra Enterprises towards the end of 2008. The North Carolina NNN Commercial Real Estate development was constructed in 1999 and is positioned on approximately 25.79 Acres. Kelly Boulevard Associates, LLC was able to acquire the North Carolina Commercial Property through bankruptcy proceedings. The North Carolina Commercial Property is a premier building that was developed by the previous property owner, Collezione Europa USA, Incorporated.
The NNN Commercial Real Estate development was built with state of the art features such as an ESFR Sprinkler system, and Insulated pre-cast concrete panels. The Commercial Property also was built with Insulated high doors with pit type levelers, seals, lights, awnings super-flat floors, and a complete racking system for convenience. We found through our Commercial Property research that this property was marketed at $3.25 per square foot for a net lease or at $16.5 million for a NNN Property purchase. NNN Commercial Real Estate analysts believes the average net lease rate for industrial properties in the Charlotte metropolitan statistical area (MSA) is about $4.36 per square foot. We are not privy as to if there was Net Lease Funding which was assumable.
The NNN Industrial Property is in Catawba County and is situated just off I-40. The NNN Commercial Real Estate development has easy access to I-77, State Highway 321 and Interstate 85. The Commercial Property sits northwest of Charlotte and Sutter Street Manufacturing will use it to provide upholstered furniture for Williams-Sonoma. Back in 2008, Sutter Street Manufacturing opened a furniture manufacturing center in Hickory, which has some of the oldest furniture manufacturers in the United States. Williams-Sonoma believes in this area and liked the high quality construction of this NNN Commercial Real Estate development.
One of the NNN Commercial Real Estate Owners is JER Partners. This Commercial Property Owner is a management-owned, fully integrated private commercial real estate investment management company. This private commercial real estate investment management company has over 27 years of experience in sourcing, underwriting and managing a broad spectrum of commercial real estate investment properties and debt products in the U.S. and Europe. The commercial real estate investment firm with their financial and operating partners, have purchased and managed approximately 15,000 assets, valued at over $27 billion. The firm invests not only in triple net lease properties but CMBS, mezzanine financing and other structured debt products. This private commercial real estate investment management company has been a Special Servicer of commercial mortgages and securities for 20+ years.
The net lease property Tenant, Williams-Sonoma, Inc. was founded in 1956. This net leased property Tenant, Williams-Sonoma, Inc. is the premier specialty retailer of home furnishings and gourmet cookware in the United States. Their retail brands are among the best known and most-respected in the entire industry. Williams-Sonoma, Inc. offers high-quality, stylish products for every room in the house: from your kitchen to your comfortable living room, bedroom, home office and even the hall closet.
Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or for 1031 exchange opportunities.
La Grande Orange NNN Commercial Real Estate • Landry’s Seafood NNN Commercial Real Estate • Lane Bryant NNN Commercial Real Estate • Lenny’s Sub Shop NNN Commercial Real Estate • Logan’s Roadhouse NNN Commercial Real Estate • Maestro’s Pizzeria NNN Commercial Real Estate • Marmalade Cafe NNN Commercial Real Estate • Mattitio’s NNN Commercial Real Estate • Massage Envy NNN Commercial Real Estate • Maytag NNN Commercial Real Estate • Max Brenner NNN Commercial Real Estate • McAlister’s Deli NNN Commercial Real Estate • Mealey’s Furniture NNN Commercial Real Estate • Melrose NNN Commercial Real Estate • Men’s Warehouse NNN Commercial Real Estate • Merge NNN Commercial Real Estate • Mimi Maternity NNN Commercial Real Estate • Mitchell Gold + Bob Williams NNN Commercial Real Estate • Molto Formaggio NNN Commercial Real Estate • Monarch Dental NNN Commercial Real Estate • Motherhood Maternity NNN Commercial Real Estate • Mothers Work NNN Commercial Real Estate • Music & Arts NNN Commercial Real Estate • my fit foods NNN Commercial Real Estate • Naan NNN Commercial Real Estate • Neiman Marcus NNN Commercial Real Estate • New Balance NNN Commercial Real Estate • Nick-N-Willy’s NNN Commercial Real Estate • Nordstrom Rack NNN Commercial Real Estate• Old Navy NNN Commercial Real Estate • Orange Cup NNN Commercial Real Estate • Ounce Steakhouse NNN Commercial Real Estate • Paciugo NNN Commercial Real Estate • Palm Beach Tan NNN Commercial Real Estate • Palominos NNN Commercial Real Estate • Panera Bread NNN Commercial Real Estate• Papa John’s NNN Commercial Real Estate • Paradise Bakery NNN Commercial Real Estate • Pei Wei NNN Commercial Real Estate • Performance Bicycles NNN Commercial Real Estate • Pesce NNN Commercial Real Estate • PetSmart NNN Commercial Real Estate • Piranha Killer Sushi NNN Commercial Real Estate • Planet Fitness NNN Commercial Real Estate • Pluckers NNN Commercial Real Estate • Quickway NNN Commercial Real Estate • RadioShack NNN Commercial Real Estate • Rainforest Cafe NNN Commercial Real Estate • Red Robin NNN Commercial Real Estate • Ritz/Wolf Camera NNN Commercial Real Estate • R.J. Gator’s NNN Commercial Real Estate • Rockler NNN Commercial Real Estate • Rocky Mountain Chocolate NNN Commercial Real Estate • Rubio’s NNN Commercial Real Estate • Ruby Tequilas NNN Commercial Real Estate • Saltgrass Steakhouse NNN Commercial Real Estate • Sambuca NNN Commercial Real Estate • Sam Moon NNN Commercial Real Estate • Sears NNN Commercial Real Estate • Sherlock’s NNN Commercial Real Estate • Simply Fashions NNN Commercial Real Estate • Sleep Experts NNN Commercial Real Estate • Smoothie King NNN Commercial Real Estate • Snappy Salads NNN Commercial Real Estate • Souper Salad NNN Commercial Real Estate • Splitsville Lanes NNN Commercial Real Estate • NNN Commercial Real Estate • Sprint NNN Commercial Real Estate • Studio Movie Grill NNN Commercial Real Estate • Super Slow Zone NNN Commercial Real Estate • Swoozie’s NNN Commercial Real Estate • The Blue Fish NNN Commercial Real Estate • The Cash Store NNN Commercial Real Estate • The Fresh Market NNN Commercial Real Estate• The Luxury of Leather NNN Commercial Real Estate • The RoomStore NNN Commercial Real Estate • The Sports Authority NNN Commercial Real Estate • Tin Star NNN Commercial Real Estate • Tio’s Tortas NNN Commercial Real Estate • T-Mobile NNN Commercial Real Estate • TRS Home Furnishings NNN Commercial Real Estate • Truluck’s NNN Commercial Real Estate • Urban Brands NNN Commercial Real Estate • Urban Wood Grill NNN Commercial Real Estate • Vic and Anthony’s NNN Commercial Real Estate • Wapango NNN Commercial Real Estate • Which Wich NNN Commercial Real Estate • Whiskey River NNN Commercial Real Estate • Williams-Sonoma NNN Commercial Real Estate • Woly Board Company NNN Commercial Real Estate • Woodlands Grill NNN Commercial Real Estate • Yofe Cafe NNN Commercial Real Estate • Young Chef’s Academy NNN Commercial Real Estate • YUM! Brands NNN Commercial Real Estate • Yumi to Go NNN Commercial Real Estate • Zaxby’s NNN Commercial Real Estate