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790 21st Street East

CDF Holdings LLC Acquires Winston-Salem Commercial Property From 790 E 21 Street LLC
SOLDCommercial

CDF Holdings LLC Acquires Winston-Salem Commercial Property From 790 E 21 Street LLC

790 21st Street East

$1,600,000

$21/SF

Building Size

75,000 SF

Asset Type

Commercial

Closing

Feb 20, 2024

AI

Two industrial buildings, including a co-working space concept, near downtown Winston-Salem were sold for $1.6 million from 790 E 21 Street LLC to CDF Holdings LLC. The property, located at 790 East 21st Street in Winston-Salem, North Carolina, spans 75,000 square feet and was sold at a price of $21 per square foot.

Summary of transaction details:

The deal was facilitated by Brad Klosterman from Commercial Realty Advisors. David Dalholt represented CDF Holdings LLC as the buyer, while Jim Nuccitelli was the seller, representing 790 E 21 Street LLC. This transaction marks a significant acquisition in the commercial real estate market of Winston-Salem, showcasing the continued interest and investment in the area's industrial properties.

Players

Brad Klosterman

Commercial Realty Advisors

Broker

$1.6M

vol

1 deal

Broker

Winston Salem Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93