Cabot Properties Acquires Industrial Property In Huntersville, NC From Selwyn Property Group For $13.5M

Located at 11142 Statesville Rd in Huntersville, NC, this industrial property was recently sold in a transaction on August 30, 2022. Spanning across 104,700 square feet, the property was acquired by Cabot Properties from Selwyn Property Group for a total price of $13,500,000. This equates to a price per square foot of $129, highlighting the value of the asset in this market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $13,500,000
• Square Footage: 104,700
• Price per Square Foot: $129
• Address: 11142 Statesville Rd, Huntersville, NC
• Buyer: Cabot Properties
• Seller: Selwyn Property Group
• Broker: JLL

JLL, acting as the broker in this transaction, facilitated the deal between the buyer, Cabot Properties, and the seller, Selwyn Property Group. This successful sale reflects a strategic move in the industrial market, with both parties recognizing the value and potential of this property in Huntersville, NC.