Ferncroft Capital Acquires 403000 Square Foot Warehouse From The Keith Corp For $95.6M In Charlotte

Ferncroft Capital acquired a 403,000-square-foot warehouse located at 13005 Sam Neely Road in Charlotte, NC. The transaction was valued at $95.6 million, which translates to $237 per square foot. The property spans 77 acres and falls under the industrial asset type.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $95,600,000
• Address: 13005 Sam Neely Road
• Market: Charlotte, NC
• Square Footage: 403,000
• Price Per Square Foot: $237
• Buyer: Ferncroft Capital
• Seller: The Keith Corp.
• Broker: JLL

This transaction was facilitated by JLL, which represented the interests of the seller, The Keith Corp. Ferncroft Capital's acquisition marks a significant investment in the Charlotte market, further enhancing their portfolio in the industrial sector.