Updated Dec 4, 2024
Judd Brock 6 Acquires Commercial Property In Kernersville, NC For $2.6M
1015 North Carolina Highway 66
$2,600,000
$165/SF
Building Size
15,750 SF
Asset Type
Commercial
Closing
Sep 29, 2023
About this deal
AI
A commercial property located at 1015 North Carolina Highway 66 in Kernersville, North Carolina, has been sold for $2.6 million. The property, covering an area of 3.52 acres, was acquired by Judd Brock 6, a Virginia-based group. The property's occupant is Piedmont Bobcat.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,600,000
- Address: 1015 North Carolina Highway 66
- Market: Kernersville, NC
- Acreage: 3.52 acres
The buyer of the property is Judd Brock 6, a Virginia-based group, while the seller is the Clodfelter Family. The property's sale price is $2.6 million, with a total square footage of 15,750. The price per square foot is $166. This transaction highlights the successful acquisition of a commercial property in Kernersville, North Carolina, by Judd Brock 6.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93