LNR Partners LLC.  PROPERTIES FOR SALE

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PROPERTY LOCATION
Akers Center
1401-1497 East Franklin Boulevard
Gastonia, North Carolina 28054
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PROPERTY SUMMARY
Type: Retail
Class: C
Price: Contact Broker   Auction
Measurement/Yardstick: 235,324 Sq Ft
Number of Buildings: 5
Number of Floors: 1
Occupancy: 31%
Year Built: 1953
Year Renovated:
PROPERTY DESCRIPTION
The subject is an existing shopping center property containing 235,324 sf of gross leasable area. The improvements were constructed in between 1953 and 1963. The site area is 24.85 acres or 1,082,493 sf. The subject also includes a ground lease with Taco Bell. Another site containing 0.66 acres was formerly ground leased to Pizza Hut, but the lease and options have expired and the tenant has moved. This building is over 40 years old and is considered to have reached the end of its economic life. The former Pizza Hut portion of the property is considered to be excess land.
Akers Center

For more information contact  

Sam Young
Cushman & Wakefield US, Inc.
sam.young@cushwake.com
Tel: 704-887-3024
http://www.dtz.cassidyturley.com


Any information that may be provided by LNR Partners, LLC. under this “General Property Information” is for informational purposes only and is subject to change at any time without notice at the sole and absolute discretion of LNR Partners, LLC. This is not to be construed as an offer, commitment or promise of any kind by LNR Partners, LLC. Please contact the appropriate individual referred to above for more information on this property. The information provided herein has been obtained from third party sources. While LNR Partners, LLC. has no reason or basis to doubt the accuracy of such information, LNR Partners, LLC. makes no guarantee, covenant, warranty or representation about its accuracy and disclaims any liability with respect thereto. It is your responsibility to confirm that this information is accurate and complete.

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