CBRE Arranges Sale of Flex Property English Oak for $9.25M in Charlotte, North Carolina

CBRE has arranged the sale of English Oak, a 61,713-square-foot flex property in Charlotte, North Carolina. An affiliated entity of Silver Investments Limited purchased the property from Griffin Partners and Axonic Capital for $9.25 million.

CBRE’s Patrick Gildea, Matt Smith, Grayson Hawkins and Robert Hardaway represented the seller in the transaction. CBRE’s Joe Franco, Kris Westmoreland and Alek Salfia represented the seller in the leasing of English Oak prior to the sale.

“There is a great story around the fundamentals of small bay and flex assets in the current Charlotte market,” said Smith. “Given supply constraints and the cost to deliver new product, we are seeing exceptional rent growth across the asset class. Griffin Partners and Axonic Capital did an exceptional job repositioning English Oak to capture that demand.”

English Oak is located at 8848 Red Oak Blvd. in the infill industrial Southwest submarket, proximate to I-77/I-85 freeways and Charlotte Douglas International Airport. The one-story building was built in 1984 and received several exterior upgrades in 2022, including LED lighting and painting upgrades.

English Oak was 97% occupied at the time of the sale.