BMB Properties And Management Leases 95000 Square Feet To Beholy LLC In Mount Holly
224 Shreve Street
Building Size
95,000 SF
Asset Type
Industrial
Closing
Apr 23, 2025
AI
An industrial property with a total area of 95,000 square feet located at 220-224 Shreve Street in Mount Holly has been leased. The asset was previously vacant for over nine months before securing a tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Term: Long-term
- Landlord: BMB Properties and Management, LLC
- Tenant: Beholy, LLC
- Broker: David Zimmel - Zimmel Associates
David Zimmel from Zimmel Associates represented the landlord in this transaction, successfully closing the lease within 60 days by utilizing the property's unique zoning for cannabis, its heavy power capacity, and air conditioning features.
Mount Holly Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93