MOUNTAIN ST & OFFERING GOLDSTON ST MEMORANDUM
6 UNIT APARTMENTS
Kannapolis, North Carolina A REA /PR OPER T Y INFORMA T ION
Property Information
The property which is the subject of this report is located at 201, 203, 205 & 207 Mountain St and 209 & 211 Goldston St, Kannapolis, North Carolina.
The property is identified in the Cabarrus County Tax Supervisor’s office as parcel ID 5613-57-9553-000. The site is approximately 6,116 square feet.
2 AREA/PROPERTY INFORMATION
Property Information
The apartment building consists of 6,045 square feet (8 Units).
Floors - Flooring consists of wood flooring with carpet and vinyl coverings.
Exterior Walls - Exterior walls are constructed of vinyl.
Interior Walls - Interior walls are of drywall.
Ceilings - Ceiling are insulated in all areas.
Doors - Exterior doors are made from wood. Interior doors are wood.
Roof - Roofing is asphalt shingle and is supported by pre-engineered trusses.
HVAC - Heating is provided by FWA. Air conditioner is provided by central units.
Site Improvements – Property has paved driveway and paved parking area, front porch, composite decking, and signage.
3 EXECUTIVE SUMMARY
•Oak Ave Mall: 17 minute walk / 3 minute drive • Revitalized Downtown Kannapolis: 21 minute walk / 4minute drive • NCRC: 22 minute walk / 5 minute drive • Train Station: 22 minute walk / 5 minute drive • Interstate Highway & Access to the Charlotte job market: 29 minute drive
Rent Roll
UNIT CITY, MOVE IN ADDRESS BEDROOM BATHROOM RENT SF NUMBER STATE, ZIP DATE
KANNAPOLIS AAP003-GL201 201 Goldston Street 9/16/2007 2 1 $646 1,084 NC 28081
KANNAPOLIS AAP003-GL203 203 Goldston Street 2/15/2014 2 1 $551 1,301 NC 28081
KANNAPOLIS AAP003-GL205 205 Goldston Street 9/20/2019 2 1 $850 1,134 NC 28081
KANNAPOLIS AAP003-GL207 207 Goldston Street 8/29/2017 2 1 $700 1,222 NC 28081
KANNAPOLIS AAP007-GS209 209 Goldston Street 6/1/2016 2 1 $721 1,155 NC 28081
KANNAPOLIS AAP003-GL211 211 Goldston Street 2/1/2015 2 1 $566 1,155 NC 28081
4 CASTLE & COOKE
Castle & Cooke was founded in 1851 as a partnership that sold farm tools, sewing equipment and medicine. From humble beginnings operating a general store to a worldwide leader in food, transportation, and real estate industries, Samuel Northrup Castle and Amos Starr Cooke entrepreneurial spirit and vision continues.
After their passing, Castle & Cooke acquired & Cooke continues to focus on meeting this various companies eventually becoming the important goal. real estate arm of Dole Food Company. David H. Murdock, current chairman, president and chief executive officer, along with his management team at Castle & Cooke. Castle
5 David H. Murdock acquired Fieldcrest Cannon in 2004 and announced his plans for a $1.5 billion scientific and economic revitalization project called the North Carolina Research Campus.
THE GOAL OF THE NRCR IS TO:
CONTRIBUTE DEVELOP INNOVATE
Contribute to the production of Develop clinical applications of Innovate in the fields of safer, more nutritious crops and targeted nutrition and precision bioinformatics and multi-omic healthier foods medicine discovery platforms.
6 CHARLOTTE ACCOLADES
Key Metro Statistics
During the last 5 years, Charlotte has experienced the fastest rate of growth in the country at 48.4%, compared to the national growth rate of 16%.
7 FASTEST GROWING TECH TALENT MARKETS
Charlotte 48.4% Madison, WI 47.0% Ft. Lauderdale 46.8% Jacksonville 40.7%
Salt Lake City 38.6% Miami 35.4% Portland, OR 35.3% Orlando 34.2% San Francisco 33.4%
Denver 30.9%
CHARLOTTE DEVELOPMENT TIMELINE +7.4M SF +3.4M SF GROSS ABSORPTION NET NEW ABSORPTION
#1 #1 #1 #2
MILLENNIAL MOVING TOP TECH STATE WITH FASTEST CITY CREATI