Updated Oct 29, 2024
One Stanley LLC Acquires Industrial Property On Stanley Avenue In Thomasville, NC For $1.5M
1 Stanley Avenue
$1,500,000
$34/SF
Building Size
43,161 SF
Asset Type
Industrial
Closing
Feb 23, 2023
About this deal
AI
A 2.4 acre industrial property located at 1 Stanley Avenue in Thomasville, NC has been sold for $1,500,000. The property spans 43,161 square feet with a price per square foot of $35. The transaction took place on February 23, 2023, with One Stanley LLC purchasing the property from Always Evolving Properties LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Market: Thomasville, NC
- Address: 1 Stanley Avenue
- Asset Size: 2.4 acres
- Buyer: One Stanley LLC
- Seller: Always Evolving Properties LLC
- Square Footage: 43,161
- Price per Square Foot: $35
The deal was facilitated by One Stanley LLC's representative at the deal.
Players
Thomasville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93