Montana Business Park

Charlotte, NC

Active

Kumo Capital has strategically entered the quickly growing Charlotte, NC industrial market through its acquisition of Montana Drive Business Park. Montana Drive is a strong performing asset which was acquired at a favorable basis. The business plan for Montana drive is a simple yet effective investment thesis.

Property Highlights

The Montana Drive Business Park is roughly 39,000SF on a 3.9-acre lot in Charlotte.

Units are extremely versatile small-bay flex spaces ranging between 695-1250SF
Unit clear heights range from 18 to 24 feet with more than 80% of the units having drive-up doors, allowing for a multitude of uses.
Charlotte has seen population growth of approximately 20% since 2010 and home price increases of approximately 28% since 2020.
The property is less than 5 miles from downtown Charlotte, and less than 10 miles from the airport along with multiple major interstates.

Overview

Kumo can add an immense amount of value to this property by bringing rents to market and improving the property’s facade, landscaping, and signage.

Average rent is approximately $11.39/SF, with similar units in the area leasing for between $18-$22/SF
A large number of leases at this property expire by mid-2026, upon making the necessary upgrades, Kumo will bring rents up to market rates