Updated Oct 29, 2024
Red Hill Ventures Acquires 70-Acre Industrial Property In Mt Holly, NC For $11.25M
1310 Charles Raper Jonas Highway Mt Holly, North Carolina28120, USA
$11,250,000
$30/SF
Building Size
375,000 SF
Asset Type
Industrial
Closing
Jul 28, 2023
About this deal
AI
A 70-acre industrial property located at 1310 Charles Raper Jonas Highway in Mount Holly, NC, has been sold for $11.25 million. The property is situated in the thriving industrial market of Mt Holly.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $11,250,000
- Address: 1310 Charles Raper Jonas Highway, Mt Holly, NC
- Market: Mt Holly, NC
- Acres: 70
Red Hill Ventures, a Charlotte-based company, has acquired the industrial property from Stanley Real Estate LLC.
The industrial property spans a total area of 70 acres and is conveniently located at 1310 Charles Raper Jonas Highway in Mount Holly, NC. Red Hill Ventures, an active player in the Charlotte real estate market, successfully completed the transaction for a total of $11.25 million. The deal signifies Red Hill Ventures' continued expansion in the industrial sector.
On the Map
$11,250,000
$30/SF
Industrial
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Players
Mount Holly 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93