Onward Investors Acquires 3730 And 3735 Glen Lake Drive Office Buildings For $26 Million

The property involved in this transaction includes the LakePointe 3 and 5 office buildings located at 3730 Glen Lake Drive and 3735 Glen Lake Drive in Charlotte, NC. The sale was completed for a total price of $26,000,000, translating to approximately $115.23 per square foot for the total square footage of 226,385.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,000,000
• Buyer: Onward Investors
• Seller: Jonathan Slager - Bridge Investment Group
• Square Footage: 226,385
• Price Per Square Foot: $115

This sale marks a significant reduction from the seller’s previous purchase price in 2020, which exceeded $46 million. Onward Investors has completed this acquisition from Bridge Investment Group, facilitating a notable transaction in the Charlotte market.