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2401 Sardis Road North

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

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

DRA Advisors
DRA AdvisorsSeller

Charlotte Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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