Charlotte Midtown Acquires Industrial Asset From Frances & Gerald Goigitzer For $5.16M
320 International Parkway
$5,162,000
$347/SF
Building Size
14,866 SF
Asset Type
Industrial
Closing
Jul 16, 2025
AI
The industrial property located at 320 International Parkway in Sunrise has been sold for a price of $5,162,000. The property encompasses a total area of 14,866 square feet, resulting in a price per square foot of $347.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,162,000
- Buyer: Charlotte Midtown
- Seller: Frances & Gerald Goigitzer
- Broker: Mark Faeth - LRM CREA
Mark Faeth of LRM CREA represented the seller in this transaction, facilitating the deal between Charlotte Midtown and Frances & Gerald Goigitzer.
Players
Sunrise Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93