Updated Oct 29, 2024
GTJ REIT Acquires Industrial Property On Exchange Street In Charlotte, NC For $28.7M
1000 Exchange Street
$28,700,000
$65/SF
Building Size
435,600 SF
Asset Type
Industrial
Closing
Jan 17, 2023
About this deal
AI
GTJ REIT has acquired an industrial property located at 1000 Exchange Street in Charlotte, NC. The property spans 435,600 square feet and was sold for $28,700,000, resulting in a price per square foot of $66.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,700,000
- Market: Charlotte, NC
- Buyer: GTJ REIT
- Broker: Adan Elias Kornfeld - Green Holland Management
Adan Elias Kornfeld from Green Holland Management represented GTJ REIT as their broker in this transaction.
The industrial sale at 1000 Exchange Street in North Carolina sold for $28.7M in 2023. The building is 435,600 square feet, implying about 65 per square foot on the published price. Named participants on the 1000 Exchange Street sale are Adan Elias Kornfeld. This page is the North Carolina file for the 1000 Exchange Street industrial sold: pricing, party profiles, and other closed industrial comps from the same North Carolina sit in the Market section below. Filter that local industrial set by closing date to see what else sold near 1000 Exchange Street around 2023. Published consideration for 1000 Exchange Street is $28.7M, dated 2023. Cite this GTJ REIT Acquires Industrial Property On Exchange Street In Charlotte, NC For $28.7M sale when underwriting similar industrial product around North Carolina.
Players
Market 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93