Updated Sep 28, 2026
$18 Million Refinance Secured For Industrial Property At 705 Industrial Way In Charlotte, NC
705 Canterbury Road
$18,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 1, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 705 Industrial Way / I-85 in Charlotte, NC. The loan amount for this refinance transaction is $18,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,000,000
- Market: Charlotte, NC
- Loan Type: Refinance
- Landlord's Representative: Richard Sutton - Parallel CRE
Richard Sutton from Parallel CRE represents the landlord in this transaction. Parallel CRE is a debt and equity advisory firm that specializes in tailoring financing solutions to sponsors.
On the Map
$18,000,000
Industrial
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Players
Kings Mountain Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93