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2401 Sardis Road North

Updated Aug 29, 2025

Messer Financial Group Purchases Office Building In Charlotte From DRA Advisors & Mainstreet Capital Partners For $24.2M
SOLDOffice

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

About this deal

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.

On the Map

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$24,200,000

$149/SF

Office

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Players

DRA Advisors
DRA AdvisorsSeller

Charlotte Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $149 per square foot on a published $24.2M for 162,372 square feet (2025).

Browse Charlotte office sales on Traded.

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

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