Updated Oct 29, 2024
Kirkpatrick & Associates Acquires Gibsonville Industrial Property For $1.65M
1001 Rear Springwood Avenue Gibsonville, North Carolina 27249, Usa
$1,650,000
$15/SF
Building Size
107,231 SF
Asset Type
Industrial
Closing
Aug 8, 2023
About this deal
AI
A 107,231-square-foot industrial property located at 1001 Springwood Ave in Gibsonville, North Carolina has been sold for $1,650,000. The property sits on a 9.37-acre lot and was acquired by Kirkpatrick & Associates LLC, a Raleigh-based group. The seller of the property was Villane Inc, a company based in Gibsonville.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Address: 1001 Springwood Ave, Gibsonville, NC
- Market: Gibsonville, NC
- Buyer: Kirkpatrick & Associates LLC
- Seller: Villane Inc
- Square Footage: 107,231
- Price Per Square Foot: $15
Kirkpatrick & Associates LLC, a Raleigh-based group, has acquired an industrial property in Gibsonville for $1.65 million. The property, located at 1001 Springwood Ave, features a 107,231-square-foot building. The sale was facilitated by the seller, Villane Inc, a Gibsonville-based company.
Players
Válega 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93