PSI Control Solutions
Stats:
Total Square Footage: 32,838
Acquired: November 8, 2021
Tenant Name: PSI Control Solutions, LLC
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our latest acquisition.
On November 8, 2021, Royal Oak acquired the manufacturing, warehouse, and office facility of PSI Control Solutions, LLC (“PSI”) located in Charlotte, NC. The property is located in the Charlotte metropolitan statistical area (“MSA”), the 23rd largest MSA in the United States. The Charlotte metro area is a global financial center, transportation hub, and entertainment destination. The Charlotte metro area is the largest manufacturing region in the Carolinas. Located in Mecklenburg County, the Charlotte Douglas International Airport is the sixth-largest airport in the world by aircraft movements and the city’s location at the junction of I-85 and I-77 makes it a highway logistics center. There is approximately 14-years remaining on the lease at closing.
The PSI property is a 32,838 square foot flex facility built in 1995 on 4.34 acres. The industrial portion of the building has a clear height ranging from 18 to 24 feet, three drive-in doors and one loading dock.
PSI was founded in 1961 with its current headquarters in Charlotte, NC. PSI operates as a private label manufacturer, offering control panels, low and medium voltage starters, VFD panels, power metering equipment, transfer switches and generator tap boxes for Original Equipment Manufacturers (OEM) within a wide variety of commercial and manufacturing industries. PSI was acquired by LFM Capital in 2020.