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10600 Nations Ford Road

Brandon Johnson Acquires Industrial Property In Charlotte, NC For $2.57M
SOLDIndustrial

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

Joseph Kassin

Kassin Sabbagh Realty

Broker

$1.1B

vol

14 deals

Broker

Brandon Johnson

Catalyst Investment Partners

Buyer

$10.1M

vol

2 deals

Buyer

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