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Edgewater Ventures Sells Industrial Property In Huntersville, NC For $32M

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SOLD
$32,000,000

North Carolina

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Industrial159 SF
Sold 12/20/2022
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Property Image
SOLD

Edgewater Ventures Sells Industrial Property In Huntersville, NC For $32M

13359 Reese Boulevard, Huntersville, North Carolina 28078, United States

See Similar Deals
Industrial159 SF
Sold 12/20/2022
Contact now

Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$201,257
Total Square Footage:159 SF
Transaction Type:Sale

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

Josh McGee
3 deals$209M volume
BROKER

Bill Harrison
Cushman & Wakefield
7 deals$214M volume
BROKER

Edgewater Ventures
SELLER

Details

SOLD
IMAGE: Rob Cochran, Nolan Ashton, Bill Harrison & Josh McGee DATE: 12/20/2022 ADDRESS: 13359 Reese Blvd East MARKET: Huntersville, NC ASSET TYPE: Industrial SELLER: Edgewater Ventures BROKER: Rob Cochran, Nolan Ashton, Bill Harrison & Josh McGee - Cushman & Wakefield SALE PRICE: $32,000,000 SF: 159,492 ~ PPSF: $201

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,706,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91