Charlotte, N.C.

CBRE Arranged $5.6 Million Sale of Industrial Flex Building in Rock Hill, S.C.

July 19, 2022

Image of 3042 Southcross Boulevard, an industrial spec space in Rock Hill.

CBRE has arranged the $5.6 million sale of a 24,727-square-foot industrial flex building in Rock Hill, S.C., to Florida-based Brick O. Real Estate. The building was part of a larger portfolio purchased by CIP Real Estate, the seller, in 2020.

Matt Smith, Grayson Hawkins, Anne Johnson, Patrick Gildea and Bryan Crutcher of CBRE represented CIP Real Estate in this transaction.

Located at 3042 Southcross Boulevard, the Class A building is on 2.26 acres in Charlotte’s Southwest Industrial Submarket. Built in 2008, the property features an 18-foot clear height, three dock-high doors, a 130-foot-deep truck court and 92 parking spaces. The property was 100 percent leased at the time of the sale to two tenants: Keeco LLC and Komet USA LLC.

“3042 Southcross is ideally suited to accommodate a wide range of users seeking flexible space in today’s market,” said CBRE’s Smith. “The high-quality construction, and Class A office build out will allow Southcross to serve a niche within the growing Rock Hill market for years to come.”

The property sits in a strategic location surrounded by other warehouse and distribution centers, an established workforce, and immediate access to Interstate 77. The building is also near Riverwalk, a new, 1,008-acre mixed-use development along the Catawba River with over 1,600 residential spaces.

Rock Hill and the rest of York County have become an economic force of their own in the greater Charlotte region, which is one of the most connected regions in the country. Approximately 50 percent of the U.S. population is within a one-day truck drive of Charlotte, according to CBRE research, making industrial space in the market of special interest in the eyes of national investors and companies.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.