Southend Worx 2
Southend Worx 2 is a 42,000 square foot class B flex/office building. The property is strategically located neighboring the fast-growing south-end submarket. The submarket is growing rapidly, vacancy across competitive properties is declining, rents are increasing and with infill flex properties the use will shift from flex/light assembly to quasi retail/showroom space securing higher rents.
INSITE purchased the property at 92% occupancy in November 2020. INSITE’s business plan is to rebrand and reposition the asset through a capital upgrade plan and rest the lower than market property rents to market ups lease expiration and convert the remaining gross leases to NNN.
- Convenient access to I-77
- Close proximity to CBD, south-end
- Located 15 mins from Charlotte airport (CLT)
- New exterior building improvements