Blackstone Acquires Industrial Property From Cabot Properties In Huntersville For $24 Million
11920 Vanstory Drive
$24,000,000
$142/SF
Building Size
168,480 SF
Asset Type
Industrial
Closing
Nov 25, 2025
AI
A 168,480-square-foot industrial building was sold for $24 million at 11920 Vanstory Drive in Huntersville, NC. The price per square foot is approximately $142. The asset is categorized as industrial within the local market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Buyer: Blackstone
- Seller: Franz F. Colloredo-Mansfeld - Cabot Properties
- Sale Date: 11/25/2025
- Location: Huntersville, NC
- Square Footage: 168,480
- Price Per Square Foot: $142
A Blackstone affiliate was involved in this transaction, acquiring the property from Cabot Properties, represented by Franz F. Colloredo-Mansfeld. The transaction reflects ongoing interest in the industrial sector within the Huntersville market.
Players
Huntersville 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93