Clear Path Asset Management (“Clear Path”), a boutique real estate investment manager founded by Dan Magid, announced today the recent acquisition of the light industrial business park known as Sardis Church Business Park in Indian Trail, North Carolina. This transaction marks Clear Path’s first acquisition in the industrial space.
“We have been looking for the right property to initiate our industrial portfolio for quite some time now, and this business park offered a great opportunity,” said Dan Magid. “Indian Trail is a great Charlotte submarket, and the proximity to both I-74 and I-485 makes this business park a natural home for small businesses. And perhaps most importantly, the price was right. We’d be happy to keep acquiring similar assets at comparable prices.”
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About the Recent Acquisition
Sardis Church Business Park, originally built from 1995-1998, is a 40k square foot light industrial business park serving a wide range of small businesses. Spread across five identical buildings, it offers tenants reasonably sized light industrial space at an affordable price, making it ideal for small businesses. The location in Indian Trail provides immediate access to I-74, and can reach I-485 within minutes, allowing tenants to serve the entire Charlotte MSA, which is home to over two million people.
For more information, please visit www.sardischurch.biz
