Messer Financial Group Purchases Office Building In Charlotte From DRA Advisors & Mainstreet Capital Partners For $24.2M
2401 Sardis Road North
$24,200,000
$149/SF
Building Size
162,372 SF
Asset Type
Office
Closing
Aug 27, 2025
AI
Messer Financial Group acquired the 162,372-sf INQ @ 2401 office building located at 2401 Sardis Road North in Charlotte, NC, for $24.2 million, translating to $149 per square foot. The property is a converted former Kmart designed for creative office space and is fully leased to Messer and Community Choices.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,200,000
- Buyer: Messer Financial Group
- Seller: DRA Advisors & Mainstreet Capital Partners
- Square Footage: 162,372
- Price Per Square Foot: $149
- Address: 2401 Sardis Road North, Charlotte, NC
- Date of Sale: 08/27/2025
The transaction involved Messer Financial Group as the buyer and DRA Advisors & Mainstreet Capital Partners as the seller. The asset is fully leased, indicating established occupancy and tenant presence within the office space.
Players
Charlotte Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93