Updated Sep 15, 2025
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
About this deal
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.
On the Map
$13,920,000
$84/SF
Industrial
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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