Edgewater Ventures Sells Industrial Property In Huntersville, NC For $32M
13359 Reese Boulevard, Huntersville, North Carolina 28078, United States
$32,000,000
$201,257/SF
Building Size
159 SF
Asset Type
Industrial
Closing
Dec 20, 2022
AI
An industrial property located at 13359 Reese Blvd East in Huntersville, NC has been sold for $32,000,000. The property spans 159,492 square feet, resulting in a price per square foot of $201. The sale was facilitated by Rob Cochran, Nolan Ashton, Bill Harrison, and Josh McGee from Cushman & Wakefield, representing the seller Edgewater Ventures.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Address: 13359 Reese Blvd East, Huntersville, NC
- Square Footage: 159,492
- Price per Square Foot: $201
- Seller: Edgewater Ventures
- Broker: Rob Cochran, Nolan Ashton, Bill Harrison & Josh McGee - Cushman & Wakefield
The industrial property sale at 13359 Reese Blvd East in Huntersville, NC was successfully facilitated by the Cushman & Wakefield team, composed of Rob Cochran, Nolan Ashton, Bill Harrison, and Josh McGee. The deal resulted in a sales price of $32,000,000 for the 159,492 square foot property, with a price per square foot of $201. Edgewater Ventures served as the seller in the transaction.
Players
Huntersville 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93