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Innovation Park 8209

Off-Market

8209 IBM Drive, Charlotte, NC 28262

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  • Property Type Office - General Office
  • Property Size 172,571 SF
  • Lot Size 201.65 Acre
  • Parking Spaces Avail. 586
  • Parking Ratio 3.40 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1979

Location

  • Walk Score ® Car-Dependent (11)
  • Transit Score ® Some Transit (26)
  • Bike Score ® Somewhat Bikeable (26)
Powered by Walk Score ®
  • City Charlotte, NC
  • Neighborhood Mineral Springs - Rumble Road
  • Zip Code 28262
  • Market Charlotte

Points of Interest

UNC Charlotte–Main

1.95 miles

Tom Hunter

2.08 miles

Old Concord Road

3.33 miles

Sugar Creek

4.16 miles

36th Street

4.61 miles

Sunnyside Avenue

6.76 miles

Bruns Avenue

6.95 miles

Johnson & Wales

6.95 miles

Irwin Avenue

6.96 miles

Mint Street

6.98 miles

Tesla Supercharger

2.30 miles

United Fuels

4.10 miles

Shell

4.18 miles

BP

4.55 miles

Shell

4.89 miles

Mobil

5.15 miles

ChargePoint

5.52 miles

Marathon

6.73 miles

Citgo

6.95 miles

Tesla Destination Charger

7.03 miles

Overflow Lot

4.86 miles

241 North Alexander Street

6.97 miles

Ceder Street Parking Deck (Lot D)

7.00 miles

Lot B

7.00 miles

Lot #402

7.19 miles

CPCC Faculty/Theatre Parking

7.29 miles

Medical Center Plaza Parking Deck

8.18 miles

Scott Employee Parking Deck

8.26 miles

Visitor Parking Deck

8.31 miles

Parking Garage

8.49 miles

Regal Inn

2.29 miles

Days Inn Charlotte North-Speedway-UNCC-Research Park

2.30 miles

Red Roof Inn Charlotte - University

2.52 miles

Continental Inn

2.66 miles

Charlotte Garden Inn Suites

2.74 miles

Thrift Motel

4.21 miles

Super 8 Charlotte Sunset Road

4.44 miles

Sleep Inn North Lake

4.67 miles

HomeTowne Studios & Suites Charlotte Concord

5.08 miles

Residence Inn by Marriott Charlotte Concord

5.32 miles

Bojangles'

2.32 miles

Smoothie King

2.44 miles

Taco Bell

3.08 miles

Cocos Locos

3.54 miles

Tropical Smoothie

4.41 miles

Subway

4.52 miles

Cinco De Mayo Mexican Grill

5.08 miles

Cook Out

5.22 miles

Bleu Barn Bistro

5.66 miles

Best China Restaurant

5.89 miles

The University of North Carolina at Charlotte

1.96 miles

Central Piedmont Community College – Cato Campus

3.65 miles

Plaza Road Pre-Kindergarten Center

4.67 miles

Ridge Road Middle School

4.73 miles

Strayer University

5.49 miles

Villa Heights Elementary School

5.54 miles

Biddleville School

6.46 miles

Johnson C Smith University

6.68 miles

Johnson C. Smith University

6.69 miles

Johnson & Wales University - Charlotte

7.01 miles

La Petite Academy of Charlotte

1.78 miles

Childcare Network

2.07 miles

Primrose School at Eastfield Village

5.45 miles

Rainbow Child Care Center

5.90 miles

Pride and Joy Daycare

7.50 miles

Childcare Network

8.10 miles

Dilworth Child Development Center

8.36 miles

Childcare Network

8.37 miles

The Children's Courtyard of Concord

9.14 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 21 Oct, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Charlotte

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Charlotte Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $30.64
  • 2021 Office Vacancy Rate 12.44%
  • 2021 Office Completions (SF) 4,413,840

Charlotte Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $376.10
  • Y-o-Y Avg. PpSF Change 12.01%
  • 2021 Office Sales Volume $2.3B
  • 2021 Number of Transactions 34
View more Charlotte market trends

Tax

  • Property Tax in 2022 $1,557,011
  • Market Value* $161,348,300
  • Assessed Value $161,348,300

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Innovation Park 8209?

Innovation Park 8209 totals 172,571 square feet.

When was this property built?

Innovation Park 8209 was built in 1979.

When was Innovation Park 8209 last sold?

Innovation Park 8209 was last sold on 21 Oct, 2019.

What is the property tax for Innovation Park 8209?

The property tax for Innovation Park 8209 in 2022 was $1,557,011.

What is the market value for Innovation Park 8209?

The market value* for Innovation Park 8209 in 2022 was $161,348,300.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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