Updated Dec 4, 2024
Elon Place Industrial Complex Acquires 6.7-Acre High Point Industrial Property For $2.2M
1218 Elon Place
$2,200,000
Building Size
—
Asset Type
Industrial
Closing
Oct 12, 2023
About this deal
AI
A 6.7-acre industrial property in High Point, North Carolina, has been sold to Elon Place Industrial Complex, a Massachusetts-based company, for $2.2 million. The property, located at 1218 Elon Place, includes a 24,200-square-foot facility and was previously owned by R&J Rees of Pilot Mountain.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Market: High Point, NC
- Address: 1218 Elon Place
Elon Place Industrial Complex, based in Massachusetts, acquired the 6.7-acre industrial property in High Point. The property, which includes a 24,200-square-foot facility, was previously owned by R&J Rees of Pilot Mountain.
Players
High Point Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93