222 Rampart Street is a historic 24,210 SF building on 1.025 acres located in Charlotte, N.C. The building is located in the high-growth South End neighborhood, just to the south of uptown Charlotte. The property was 100% leased through July 2018 to Global Medical Imaging (GMI), a middle-market company that sells and services medical diagnostic equipment.
Carolina Capital (CC) purchased 222 Rampart Street in January 2014 on a very attractive cap rate as part of a longer-term assemblage strategy. After the GMI purchase, CC purchased the adjacent 7.7-acre Tremont Center track creating one of the largest holdings in the historic South End neighborhood.
CC sold the property as part of an assemblage sale with a portion of the Tremont Center site. CC’s hold period was 41 months.