Flextronics sells Charlotte facility to Westcore for $24.7M

Westcore Properties has acquired a 455,750-square-foot manufacturing building on 51 acres at 6800 Solectron Drive in Charlotte, NC, 28262. The purchase price was $24,750,000 and the seller was Flextronics International USA, Inc.

The Westcore Properties entity purchasing the building was Westcore Charlotte, LLC. Purchase financing was provided by Bank of America. Flextronics International USA will continue to occupy the building.

Neil Johnson, director of acquisitions for Westcore Properties, said, "Flextronics' strong credit, combined with the long-term nature of the lease and low price per square foot, make this investment attractive."

Flextronics is an electronics manufacturing services (EMS) provider delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile original equipment manufacturers.

Dan Hollingsworth and Steve Pace of CPS/CORFAC International represented both Westcore Properties and Flextronics International USA, Inc. in this transaction.

Westcore Properties is a private, entrepreneurial commercial real estate investment firm with institutional scale and capabilities that focuses on investing in markets within the Western United States.