Updated May 12, 2025
LM Real Estate Partners Acquires Industrial Property In Mooresville NC For $48 Million
105 Corporate Center Drive
$48,000,000
$201/SF
Building Size
237,734 SF
Asset Type
Industrial
Closing
Apr 22, 2025
About this deal
AI
LM Real Estate Partners purchased a 237,734 square-foot industrial property located at 105 Corporate Center Drive in Mooresville, NC, for $48 million. The property was sold by Atlanta Property Group, and the sale resulted in a price per square foot of $202.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $48,000,000
- Address: 105 Corporate Center Drive
- Market: Mooresville, NC
- Square Footage: 237,734
- Price per Square Foot: $202
- Buyer: LM Real Estate Partners
- Seller: Atlanta Property Group
- Broker: JLL Capital Markets
JLL Capital Markets facilitated the transaction between LM Real Estate Partners and Atlanta Property Group, highlighting the roles of the involved companies in executing this closed deal.
On the Map
$48,000,000
$201/SF
Industrial
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Players
Mooresville 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93