Updated Nov 6, 2026
FirstLight Investments Acquires 108,760 Square Foot Industrial Property In Charlotte For $11.75M
1337 Hundred Oaks Drive
$11,750,000
$108/SF
Building Size
108,760 SF
Asset Type
Industrial
Closing
Nov 6, 2026
About this deal
AI
An industrial property located at 1337 Hundred Oaks Drive in Charlotte, NC was sold for $11,750,000. The asset encompasses 24.8 acres and comprises a total of 108,760 square feet. The property is currently 67.2% occupied, indicating potential for development and increased occupancy through renovations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,750,000
- Address: 1337 Hundred Oaks Drive
- Market: Charlotte, NC
- Acres: 24.8
- Square Feet: 108,760
- Price per Square Foot: $108
- Buyer: Ross Kester & Tyson Smoak - FirstLight Investments
- Seller: Edward Griffin - Griffin Partners
- Brokers: Matt Smith, Robert Hardaway, Alek Salfia & Patrick Gildea - CBRE
FirstLight Investments, based in South Carolina, has made its entry into the Charlotte market with this acquisition. The firm plans to renovate vacant spaces and adapt some office areas into warehouse space to address demands for facilities that combine office and industrial uses.
On the Map
$11,750,000
$108/SF
Industrial
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Players
Oaks Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93