10635 Park Rd

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10635 Park Rd

Charlotte, NC 28210
Asking Price
$27.99M
Asset Type
Office
Class
Class B

What's Special

10635 Park Road is situated in the Pineville-Matthews submarket of Charlotte, North Carolina. The property is located within a established professional corridor characterized by a mix of medical facilities, retail centers, and residential neighborhoods. It offers direct proximity to the CMC-Pineville hospital campus and the extensive shopping and dining options at Carolina Place Mall. Access to the site is facilitated by its position near the intersection of Park Road and Pineville-Matthews Road, providing convenient connectivity to I-485 and the broader Charlotte metropolitan area. The building’s layout and location make it suitable for professional administrative services or healthcare-related practices seeking a suburban office setting. Typical tenants for this asset profile include local medical specialists, legal firms, insurance agencies, and boutique financial consultancies. The proximity to regional transit arteries and local healthcare infrastructure supports businesses that require frequent client visits or synergy with nearby medical institutions. The property serves established small-to-mid-sized firms looking for functional workspace within a high-traffic professional hub.

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NOI
$80,000
Cap Rate
0.29%
DSCR
0.05
Underwater
Cash-on-Cash
-18.84%
Monthly Payment
$138,459.537
Annual Cash Flow
$-1,581,514.45

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