Innovation Park 8209

Off-Market

8209 IBM Drive, Charlotte, NC 28262

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • 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

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.

  • 2022 Avg. Asking Rent $32.14
  • 2022 Office Vacancy Rate 12.09%
  • 2022 Office Completions (SF) 575,605

Charlotte Office Sales Trends

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

  • 2022 Avg. Price per SF $293.06
  • Y-o-Y Avg. PpSF Change -22.34%
  • 2022 Office Sales Volume $1.2B
  • 2022 Number of Transactions 31
View more Charlotte market trends

Location

Getting Around

  • Walk Score ®

    10/100 Car-Dependent
  • Transit Score ®

    26/100 Some Transit
  • Bike Score ®

    26/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Charlotte, NC
  • Neighborhood Mineral Springs - Rumble Road
  • Zip Code 28262
  • Market Charlotte

Points of Interest

  • McCullough

    0.96 miles

  • JW Clay Boulevard/UNC Charlotte

    1.29 miles

  • University City Boulevard

    1.51 miles

  • 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

  • 25th Street

    5.36 miles

  • Charlotte

    5.56 miles

  • Marathon Gas

    1.06 miles

  • Circle K

    1.12 miles

  • Circle K

    1.29 miles

  • BP

    1.91 miles

  • Shell

    2.08 miles

  • Exxon

    2.13 miles

  • Shell

    2.17 miles

  • Tesla Supercharger

    2.30 miles

  • Mobil

    2.35 miles

  • Kangaroo Express

    2.35 miles

  • Central Park

    0.05 miles

  • North Park

    0.12 miles

  • Visitor Parking

    0.28 miles

  • Lynx Park and Ride

    1.27 miles

  • West Deck

    1.77 miles

  • Union Deck

    1.83 miles

  • Cone Deck

    1.90 miles

  • North Deck

    2.08 miles

  • East Deck 1

    2.28 miles

  • East Deck 2

    2.32 miles

  • SpringHill Suites by Marriott Charlotte University Research Park

    0.56 miles

  • Fairfield Inn & Suites Charlotte University Research Park

    0.59 miles

  • Home2 Suites by Hilton Charlotte University Research Park

    0.64 miles

  • Drury Inn & Suites Charlotte University Place

    0.73 miles

  • Holiday Inn Express & Suites

    0.74 miles

  • Sonesta Select Charlotte University Research Park

    0.80 miles

  • Holiday Inn Charlotte-University Place

    0.87 miles

  • Hampton Inn University Place

    0.93 miles

  • Sleep Inn University Place

    0.94 miles

  • Residence Inn Charlotte University Research Park

    0.94 miles

  • Innovation Bistro

    0.11 miles

  • Cheddar's

    0.64 miles

  • Red Robin

    0.65 miles

  • Bikini's

    0.67 miles

  • Taco Mac

    0.67 miles

  • Chili's

    0.69 miles

  • Tony's Pizza

    0.72 miles

  • Salsarita's Fresh Mexican Grill

    0.73 miles

  • TGI Friday's

    0.77 miles

  • Los Arcos Mexican Restaurant

    0.78 miles

  • John Motley Morehead STEM Academy

    0.88 miles

  • Countryside Montessori

    1.35 miles

  • Derita Alternative School

    1.88 miles

  • The University of North Carolina at Charlotte

    1.96 miles

  • Newell Elementary School

    2.44 miles

  • David Cox Elementary School

    2.70 miles

  • Hidden Valley Elementary School

    2.97 miles

  • Winding Springs Elementary School

    3.36 miles

  • Central Piedmont Community College – Cato Campus

    3.65 miles

  • Mallard Creek High School

    3.78 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

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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