Linic Freight Leases 152661 Square Feet At Eastside Logistics Center In Matthews From Silverman Group
10301 Monroe Road
Building Size
152,661 SF
Asset Type
Industrial
Closing
Mar 25, 2025
AI
The asset involved in the transaction is an industrial property located at 10301 Monroe Road, Matthews, NC. Linic Freight has secured a lease for 152,661 square feet at the Eastside Logistics Center, which was previously home to Family Dollar's headquarters. The lease secures the property for the landlord, Silverman Group, making the site fully leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10301 Monroe Road
- Market: Matthews, NC
- Landlord: Silverman Group
- Tenant: Linic Freight
- Broker: Avison Young
Avison Young facilitated the leasing transaction between Silverman Group and Linic Freight, ensuring the property was fully leased following its prior use by Family Dollar. This transaction highlights the involvement of key players in the commercial real estate market in Matthews, NC, with a focus on the logistics sector.
Players
Matthews Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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