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:
- Property Type: Commercial
- Transaction Amount: $1,600,000
- Buyer: David Dalholt - CDF Holdings LLC
- Seller: Jim Nuccitelli - 790 E 21 Street LLC
- Broker: Brad Klosterman - Commercial Realty Advisors
- Address: 790 East 21st Street
- Market: Winston-Salem, NC
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.
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