Brandon Johnson Acquires Industrial Property In Charlotte, NC For $2.57M
10600 Nations Ford Road
$2,575,000
Building Size
—
Asset Type
Industrial
Closing
Jan 19, 2024
AI
The industrial property located at 10600 Nations Ford Road in Charlotte, NC has been sold in a transaction. The property spans across 3 acres and was sold for a total price of $2,575,000, resulting in a price per acre of $858,333. The buyers in this transaction were Catalyst Investment Partners, represented by Brandon Johnson. The sellers were Steve and William Brinker, who are affiliated with Landfill Group. The deal was facilitated by brokers Joseph Kassin and Steven Pollan from KSR.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,575,000
- Address: 10600 Nations Ford Road, Charlotte, NC
- Market: Charlotte, NC
- Buyer: Brandon Johnson - Catalyst Investment Partners
- Seller: Steve & William Brinker - Landfill Group
- Brokers: Joseph Kassin & Steven Pollan - KSR
- Acre: 3
- Price per Acre: $858,333
The sale of the industrial property at 10600 Nations Ford Road involved Brandon Johnson from Catalyst Investment Partners as the buyer, and Steve and William Brinker from Landfill Group as the sellers. The transaction was facilitated by Joseph Kassin and Steven Pollan, who represent KSR. This deal highlights the successful collaboration between the buyers, sellers, and brokers in the industrial property market in Charlotte, NC.
Players
Charlotte 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
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93