Updated Oct 9, 2026
Sims-Lohman Signs 58,604 Square Foot Industrial Lease At SilverPark North In Charlotte
5989 Hucks Road
Building Size
58,604 SF
Asset Type
Industrial
Closing
Oct 8, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 5989 Hucks Road, Charlotte, NC, consisting of 58,604 square feet. M. David Properties is the landlord for this lease deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Landlord: Lorin Stiefel - M. David Properties
- Tenant: Sims-Lohman
- Brokers: Brad Cherry, Matthew Greer & John Kincaid - JLL
This lease agreement resulted in M. David Properties achieving 100% occupancy at SilverPark North in Charlotte. The marketing of the property was conducted by JLL’s Brad Cherry and Matthew Greer, while John Kincaid represented the interests of Sims-Lohman in this transaction.
On the Map
Industrial
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Charlotte 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