Carmel Crossing, Charlotte, NC
Acquisition Summary
Ownership Interest 80%
Purchase Price (million) US$42.3


Property Statistics
Property Type Office
NLA (sf) 324,185
Occupancy 98.2%
Current Rent (psf pa) US$18.72
Mark Rent (psf pa) US$18.00
WALT (by income) 3.2 years
Class A
Completion Dates 1990,1997,1998

Valuation Summary
Valuation (million) US$53.9
Cap Rate 6.75%
Valuer CBRE
 


Major Tenant Profile
Tenant Square Feet % by Area Lease Maturity Years Remaining
Travelers Indemnity 98,758 30.5% Jul 2011 4.1