Ad Spot

April 21, 2021

Cabarrus Chamber may sell building

KANNAPOLIS — The Cabarrus Regional Chamber of Commerce is considering selling its headquarters building on Dale Earnhardt Boulevard, according to a letter sent to members by Chamber CEO John Cox.
In the letter, Cox writes the chamber is “exploring a number of options to address the indebtedness of our chamber headquarters and to assess opportunities for improving cash flow.”
The letter said committees appointed by the organization’s board of directors have been exploring two options:
• Forming a limited liability corporation to hold the building and sell part of the equity to qualified investors, which the letter calls “a relatively common vehicle for commercial real estate financing and ownership.”
• Selling the building and relocating to a new headquarters nearby or leasing space in the building from the new owner.
A commercial appraisal has pegged the building’s market value at $2.6 million, according to the letter.
A committee is soliciting investors interested in buying the building at 3003 Dale Earnhardt Blvd. For more information, interested parties can call its chairman, Sam Leder, at 704-786-8189.
If no offers are received by Sept. 6, the chamber has agreed with First Carolina Properties to list the building for sale.

Comments

Comments closed.

Business

With remote expansion, outsource provider FCR looks to become an ‘exceptional part’ of Rowan community

Local

City expects $1.5 million surplus in current budget, ability to raise some wages for police, public works

Education

Enochville Elementary to host farewell event May 1

College

Seahawks QB Russell Wilson will speak at NC State graduation

High School

High school softball: Carson beats West in a wild one

High School

Wonders, Trojans facing off Monday on Cannon Ballers’ field

Local

City approves two apartment developments, more than 160 new units

Nation/World

Crowds react with joy, wariness to verdict in Floyd’s death

News

Bill seeks to end pistol purchase permits from NC sheriffs

Coronavirus

Rowan County sees 300th death attributed to COVID-19

News

Chauvin convicted on all counts in George Floyd’s death

Local

Top North Carolina House finance chair, Rowan representative stripped of position

Crime

One charged, another hospitalized in fight between cousins

Local

Bell Tower Green renamed to honor Stanbacks; Nancy Stanback receives key to city

Business

Commissioners green light additional houses at Cherry Treesort in China Grove

Education

A.L. Brown will hold in-person, outdoor graduation

Local

Granite Quarry awards FEMA contract for Granite Lake Park

Local

City to vote on apartment developments, final phases of Grants Creek Greenway project

High School

High school football: North receiver McArthur a rising star

Columnists

Carl Blankenship: Pollen and prejudice make their return

News

Harris pitches $2.3T spending plan on trip to North Carolina

Nation/World

Murder case against ex-cop in Floyd’s death goes to the jury

Crime

Sheriff’s office: Man takes deputies on chase with stolen moped

Coronavirus

Afternoon, evening COVID-19 vaccination clinic planned Thursday