Updated Dec 4, 2024
Joe Fishman Brokered $2.725M Loan For Industrial Property In Statesville, NC
Statesville, NC, USA
$2,725,000
$11/SF
Building Size
243,237 SF
Asset Type
Industrial
Closing
Aug 12, 2021
About this deal
AI
An industrial property in Statesville, NC has recently undergone a loan transaction. The property spans over 243,237 square feet and is situated in the market of Statesville, NC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,725,000
- Lender: Sheridan Capital
- Broker: Joe Fishman - AGENCY
Joe Fishman, representing AGENCY, acted as the broker in this loan transaction. The loan amount for this industrial property in Statesville, NC was $2,725,000 and was provided by Sheridan Capital.
The industrial loan at Statesville, NC, USA in Statesville, North Carolina financed for $2.7M in 2021. The building is 243,237 square feet, implying about 11 per square foot on the published price. Joe Fishman, Sheridan Capital appear on the loan alongside Sheridan Capital. This page is the Statesville, North Carolina file for the Statesville, NC, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Statesville sit in the Market section below. Filter that Statesville industrial set by closing date to see what else financed near Statesville, NC, USA around 2021. Published consideration for Statesville, NC, USA is $2.7M, dated 2021. Cite this Joe Fishman Brokered $2.725M Loan For Industrial Property In Statesville, NC loan when underwriting similar industrial product around Statesville, North Carolina.
Players
Statesville 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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93