125 Summit Park LLC Acquires Industrial Warehouse In Salisbury For $15.9M With CBRE Representation
125 Summit Park Drive
$15,900,000
$198/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Jul 16, 2026
AI
An industrial warehouse with a total square footage of 80,000 located at 125 Summit Park Drive in Salisbury, North Carolina has been sold for a price of $15,900,000. This property is leased to Amrep and the deed was recorded on July 8, 2026.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,900,000
- Square Footage: 80,000
- Price per Square Foot: $199
- Buyer: 125 Summit Park LLC
- Seller: Pete Lash - Beacon Partners
- Brokers: Robert Hardaway & Nick Williams - CBRE
- Date of Transaction: July 16, 2026
The transaction involved California-based 125 Summit Park LLC, linked to RJ Property Management, acquiring the property. CBRE's Nick Williams represented the buyer, while Robert Hardaway represented the seller in this deal.
Players
Salisbury 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93