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1224 Isley Drive

Leon Industrial Acquires 164000 Square Foot Industrial Property In Gastonia For $13920000
SOLDIndustrial

Leon Industrial Acquires 164000 Square Foot Industrial Property In Gastonia For $13920000

1224 Isley Drive

$13,920,000

$84/SF

Building Size

164,000 SF

Asset Type

Industrial

Closing

Sep 11, 2025

AI

Leon Industrial acquired an industrial property located at 1224 Isley Drive in Gastonia, NC. The property encompasses a total area of 164,000 square feet and was sold for a price of $13.92 million, equating to a price per square foot of $85.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,920,000
  • Buyer: Leon Industrial
  • Seller: Graham Capital
  • Market: Gastonia, NC
  • Square Footage: 164,000
  • Price Per Square Foot: $85

Graham Capital represented the seller in this transaction, facilitating the sale of the property to Leon Industrial, who is focused on expanding its industrial asset portfolio.

Players

Gastonia 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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93