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1015 North Carolina Highway 66

Updated Dec 4, 2024

Judd Brock 6 Acquires Commercial Property In Kernersville, NC For $2.6M
SOLDCommercial

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.

Players

Kernersville Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $165 per square foot on a published $2.6M for 15,750 square feet (2023).

Browse Kernersville commercial sales on Traded.

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

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