SOLDIndustrial
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
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.
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