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Portfolio
Case Study / Industrial Outdoor Storage
Overview
Building SF
65,964 SF
Total Acres
13.73 Acres
Docks
94
Drive-In Doors
1
Auto Parking
128 Spaces
Overview
Acquisition Date
August 2020
Property Type
Truck Terminal
Size
59,651 square feet on a 13.73-acre site
Key Features
94 doors, 15 maintenance bays, close proximity to I-77
Dayton Street Partners and its JV partner acquired this site in Charlotte, NC, from Wilson Trucking Corporation on August 1st, 2020. At closing, the property was leased to Central Freight Lines. The 13.73-acre site includes a 42,603 SF, 94-door truck terminal and a 17,048 SF, 15 bay truck maintenance facility. This terminal is only 1.2 miles to I-77, 7.8 miles to downtown Charlotte, and 12.2 miles to the Charlotte Douglas International Airport, making it an exceptional location for logistics and distribution-oriented tenants. Central Freight Lines vacated the property at the end of 2021, and DSP successfully leased the property to FedEx under a long-term lease at rents 20% above Pro-forma.
