Representative Experience

Spectrum Office & Operations Centre

Mission-critical office and warehouse facility occupied by Spectrum, serving as a major operational hub for Charter Communications' Charlotte operations.

Asset Type: Single-Tenant Office & Industrial
Location: Charlotte, North Carolina, USA
Size: 113,600 SF
Tenant: Spectrum / Charter Communications

Overview

Spectrum Office & Operations Centre is a mission-critical office and warehouse facility occupied by Spectrum, a subsidiary of Charter Communications, one of the largest broadband and telecommunications operators in the United States.

The property serves as a major operational hub for Spectrum's Charlotte operations and functions as a service centre, training facility and equipment storage location. The tenant has occupied the property since its original construction as a build-to-suit facility.

Role

Mandate scope

Acquisition Underwriting
Financial Modelling
Investment Memorandum
Due Diligence
Capital Raise Support
Investor Presentations

Involvement

Work delivered

Built acquisition and investment underwriting models
Analysed tenant credit profile and lease structure
Created investment memorandum and investor presentation materials
Conducted market and comparable analysis
Assisted in structuring investment assumptions
Performed due diligence review
Supported investor communications and capital raise efforts

Investment Thesis

Why this asset

Corporate tenancy backed by Charter Communications
Mission-critical operational facility
Long-term occupancy history
Significant tenant capital investment into the property
Below-market rental profile creating future rental growth potential
Strong Charlotte market fundamentals
Attractive basis relative to replacement cost and comparable transactions
Potential alternative use value supported by the site's strategic location and functionality

Key Skills