Value-Add Opportunity in Flourishing Suburban Market
January 26, 2023
CHARLOTTE, N.C. – Transwestern Real Estate Services (TRS) announces Senior Managing Directors John Bell and Kevin Markwordt are bringing 605 Munn Road to market for sale. The Class A, 168,078-square-foot office property is in Fort Mill, South Carolina, a suburb of Charlotte.
“High-quality suburban offices continue to be the most attractive opportunities for the REO/value-add buyers we work with,” said Bell. “605 Munn Road provides investors and owners a Class A suburban setting with robust surrounding amenities – key attributes that align with current workplace trends and tenant demand – exactly the type of flight-to-quality asset we are seeing tenants persue.”
Built to impeccable quality in 2005, the property has been institutionally maintained and is ideally positioned for a rapid lease-up with a traditional owner. Previously serving as CitiFinancial’s headquarters, the company downsized into the rebranded entity OneMain Financial Group, now occupying 56,026 square feet.
Fort Mill is one of the nation’s fastest-growing cities and a sought-after destination within suburban Charlotte, just 25 minutes south of Uptown along I-77, the region’s dominant corporate corridor. The property is near the popular Kingsley mixed-use development and the new Piedmont Medical Center.
“At 35% occupied, the property offers significant upside to value-add investors through lease-up, which is a prime opportunity for owners and users, and presents further potential through medical conversion,” said Markwordt.”
More information about 605 Munn Road is available here.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.