The Spectrum Building is a 113,600-square-foot mission-critical office and warehouse facility in Charlotte, North Carolina—one of the fastest-growing metro areas in the U.S. Built in 2001 specifically for Spectrum, a division of NASDAQ-listed Charter Communications (CHTR), it has served as their operational hub for over 20 years and ranks as their third-largest facility nationwide. Located in the strategic Airport Submarket with direct access to I-77 and minutes from Charlotte Douglas International Airport, the site offers excellent connectivity for logistics and workforce access.

The facility is fully leased to Spectrum through June 2031, with the tenant recently exercising an early renewal and investing significantly in upgrades, including a new roof and secured overflow storage nearby. With rents currently below market and ongoing rent growth in the area, the asset provides stable income and attractive long-term upside. The surrounding area continues to benefit from major development, underscoring Spectrum’s deep operational commitment and the location’s lasting importance.

Location: Charlotte, NC
Purchase Price: $20,900,000 (June 2025)
Initial Annual Yield: 9%