Post on 24-Jan-2021
Matthews Industrial11145 Monroe Rd, Matthews NC 28105
O F F E R I N G M E M O R A N D U M
Matthews IndustrialCONTENTS
Exclusively Marketed by:
Clifford Blanquicet Jr.President(704) 727-6202Clifford@blanqrealestate.com
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Investment Summary 3 Location Summary 4
02 Property Description Property Features 5 Aerial Map 6
03 Demographics Demographics 7 Demographic Charts 9
Matthews Industrial Investment Summary | 03
OFFERING SUMMARYADDRESS 11145 Monroe Rd
Matthews NC 28105
COUNTY Mecklenburg
MARKET Charlotte MSA
SUBMARKET Matthews, NC
BUILDING SF 133,400 SF
LAND SF 361,548 SF
YEAR BUILT 1972
APN 193-212-14
FINANCIAL SUMMARYOFFERING PRICE $5,000,000
PRICE PSF $37.48
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 6,105 61,988 178,129
2019 Median HH Income $55,025 $70,865 $77,419
2019 Average HH Income $80,719 $102,398 $109,417
Excess Land for Development
New TPO roof on +/-78,000 SF
Heavy Power
High-Grade, Wet Sprinkler
Swamp Cooler Updated 2016
Investment or Owner-User
Seller will consider owner-financing
This +/-133,400 square foot industrial building sits on +/-8.3 acresof light industrial-zoned land in the growing market of Matthews,NC. This property is being offered as an investment property ormay be purchased by an owner-user. Seller will consider owner-financing. The property is currently vacant, but may make anexcellent investment opportunity with the right tenant. Theproperty boasts heavy parking with excess land for parking ordevelopment, a new TPO roof on +/-78,000 square feet.
Matthews Industrial Location Summary | 04
Location Summary• Matthews, NC is a charming Charlotte Suburb, located +/-13
miles South East of the CBD. The property is convenientlylocated minutes from Hwy 74/Independence Expresswayand I-485. The property is also +/-18 miles from theCharlotte Douglas International Airport
Regional Map
Locator Map
Matthews Industrial Property Features | 05
PROPERTY FEATURESNUMBER OF UNITS 1
BUILDING SF 133,400
LAND SF 361,548
LAND ACRES 8.3
YEAR BUILT 1972
# OF PARCELS 1
ZONING TYPE I-1
BUILDING CLASS B
NUMBER OF STORIES 1
CEILING HEIGHT 16'-24'
DOCK HIGH DOORS 9 ext
GRADE LEVEL DOORS 2
OFFICE SF 9,917
MECHANICALFIRE SPRINKLERS High-Grade/Wet
ELECTRICAL / POWER 3P
Matthews Industrial Aerial Map | 06
Matthews Industrial Demographics | 07
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 3,866 48,831 132,470
2010 Population 5,427 55,896 160,434
2019 Population 6,105 61,988 178,129
2024 Population 6,495 65,518 189,900
2019 African American 960 10,762 31,134
2019 American Indian 21 213 789
2019 Asian 372 3,848 10,558
2019 Hispanic 549 6,249 20,259
2019 Other Race 217 2,887 9,236
2019 White 4,404 42,341 121,148
2019 Multiracial 130 1,896 5,159
2019-2024: Population: Growth Rate 6.25 % 5.55 % 6.45 %
2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 218 1,382 3,721
$15,000-$24,999 274 2,115 4,785
$25,000-$34,999 353 1,981 5,441
$35,000-$49,999 440 3,313 8,023
$50,000-$74,999 710 4,211 11,452
$75,000-$99,999 318 2,827 8,453
$100,000-$149,999 271 4,100 12,026
$150,000-$199,999 216 2,387 6,853
$200,000 or greater 178 2,657 8,189
Median HH Income $55,025 $70,865 $77,419
Average HH Income $80,719 $102,398 $109,417
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 1,792 20,232 53,991
2010 Total Households 2,644 22,560 62,396
2019 Total Households 2,979 24,972 68,943
2024 Total Households 3,171 26,321 73,206
2019 Average Household Size 1.96 2.47 2.57
2000 Owner Occupied Housing 692 12,316 36,258
2000 Renter Occupied Housing 975 6,596 14,763
2019 Owner Occupied Housing 823 14,768 45,785
2019 Renter Occupied Housing 2,156 10,204 23,158
2019 Vacant Housing 119 936 3,770
2019 Total Housing 3,098 25,908 72,713
2024 Owner Occupied Housing 895 15,780 49,123
2024 Renter Occupied Housing 2,276 10,541 24,083
2024 Vacant Housing 122 937 3,925
2024 Total Housing 3,293 27,258 77,131
2019-2024: Households: Growth Rate 6.30 % 5.30 % 6.05 %
Source: esri
Matthews Industrial Demographics | 08
2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2019 Population Age 30-34 413 3,934 10,623
2019 Population Age 35-39 418 4,308 11,906
2019 Population Age 40-44 349 4,174 11,869
2019 Population Age 45-49 296 4,113 12,319
2019 Population Age 50-54 293 4,121 12,056
2019 Population Age 55-59 298 4,260 12,160
2019 Population Age 60-64 303 3,778 10,860
2019 Population Age 65-69 268 3,032 8,987
2019 Population Age 70-74 226 2,325 7,286
2019 Population Age 75-79 277 1,616 4,956
2019 Population Age 80-84 274 1,049 3,118
2019 Population Age 85+ 548 1,177 3,217
2019 Population Age 18+ 5,049 47,717 135,597
2019 Median Age 41 38 39
2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $50,799 $54,365 $60,122
Average Household Income 25-34 $64,582 $76,808 $82,297
Median Household Income 35-44 $58,274 $83,667 $94,499
Average Household Income 35-44 $81,398 $110,598 $120,192
Median Household Income 45-54 $66,249 $101,267 $104,875
Average Household Income 45-54 $99,301 $128,887 $137,508
Median Household Income 55-64 $62,311 $97,219 $94,829
Average Household Income 55-64 $97,641 $127,326 $129,469
Median Household Income 65-74 $60,797 $71,370 $74,064
Average Household Income 65-74 $95,985 $99,125 $102,266
Average Household Income 75+ $74,405 $62,520 $67,947
2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2024 Population Age 30-34 455 4,508 12,814
2024 Population Age 35-39 434 4,327 12,089
2024 Population Age 40-44 403 4,357 12,558
2024 Population Age 45-49 303 4,131 12,096
2024 Population Age 50-54 290 4,207 12,459
2024 Population Age 55-59 269 3,980 11,772
2024 Population Age 60-64 312 4,064 11,742
2024 Population Age 65-69 290 3,501 10,389
2024 Population Age 70-74 267 2,843 8,373
2024 Population Age 75-79 369 2,249 6,763
2024 Population Age 80-84 324 1,403 4,115
2024 Population Age 85+ 565 1,338 3,685
2024 Population Age 18+ 5,375 50,937 145,899
2024 Median Age 42 39 40
2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $56,579 $61,243 $70,361
Average Household Income 25-34 $76,581 $88,913 $96,121
Median Household Income 35-44 $66,704 $101,820 $107,063
Average Household Income 35-44 $94,740 $128,700 $136,356
Median Household Income 45-54 $81,983 $112,039 $117,245
Average Household Income 45-54 $117,091 $144,203 $155,075
Median Household Income 55-64 $71,350 $108,254 $106,730
Average Household Income 55-64 $113,126 $143,255 $145,959
Median Household Income 65-74 $68,092 $81,874 $83,690
Average Household Income 65-74 $112,852 $116,359 $118,644
Average Household Income 75+ $88,496 $73,620 $80,225
Matthews Industrial Demographic Charts | 09
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Population by Race
Matthews Industrial Demographic Charts | 10
2019 Household Occupancy - 1 Mile Radius
Average Income Median Income
2019 Household Income Average and Median
Matthews Industrial
Exclusively Marketed by:
Clifford Blanquicet Jr.President(704) 727-6202Clifford@blanqrealestate.com
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