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10301 Monroe Road

Linic Freight Leases 152661 Square Feet At Eastside Logistics Center In Matthews From Silverman Group
LEASEDIndustrial

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

Silverman Group
Silverman GroupLandlord

Matthews Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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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