investment property - loopnet · 2019-02-23 · rochester of technical services. two discreet...

Presents

World Class Media Production/Recording Studio for Sale

Investment Property

World Class Media Production/Recording Studio for Sale

Studio of Concentrix Music and Sound Design, Inc.

3120 Latrobe Dr., Suite 190, Charlotte, NC 28211

Current tenant is Elevation Church based in Charlotte, NC.

Current tenant is Elevation Church

Elevation Church currently negotiating a new 3 year NNN lease with projected 8.5 cap rate:

Elevation Church is paying the lease for the use of the Elevation Church Band’s use

for song writing, recording and practicing. Elevation Church Band has been

nominated for several Emmy’s and is considered one of the premier modern

Christian music bands in the world.

The Tenant

Expenses:

POA: $337/mo.

Special assessment: $201.17/mo for 4 years or $10,000+-

payoff.

Property taxes: $7944.53/year.

$775,000 List Price

Peter Rieke, Broker/Realtor in NC, SC with CBRB

Contact:

704-575-1993 (cell/text)

prieke@PRrealtycarolinas.com

3440 Toringdon Way, Suite 110, Charlotte, NC 28277