Updated Sep 16, 2025
Blackstone Acquires Amazon Distribution Center From Beacon Partners For $101.8M In Pineville NC
12220 Carolina Logistics Drive
$101,800,000
$101/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Sep 12, 2025
About this deal
AI
The property involved in this transaction is located at 12220 Carolina Logistics Drive in Pineville, NC. It is classified as an industrial asset, specifically an Amazon distribution center. The asset encompasses a total of 1,000,000 square feet and was sold for $101,800,000, translating to a price per square foot of $102.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $101,800,000
- Address: 12220 Carolina Logistics Drive
- Market: Pineville, NC
- Square Footage: 1,000,000
- Price per Square Foot: $102
- Seller: Beacon Partners
Beacon Partners was the seller in this transaction, having sold the distribution center to an entity associated with Blackstone. This transaction reflects a significant deal in the industrial real estate sector.
Players
Pineville 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93