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1360 Truby Drive

Burton & Burton, LLC Acquires Industrial Property In Haw River, NC For $3.1M
SOLDIndustrial

Burton & Burton, LLC Acquires Industrial Property In Haw River, NC For $3.1M

1360 Truby Drive

$3,100,000

$114/SF

Building Size

27,084 SF

Asset Type

Industrial

Closing

Nov 20, 2022

AI

1360 Truby Drive in Haw River, NC has been sold in a closed transaction. The industrial property, spanning 27,084 square feet, was purchased by Burton & Burton, LLC for $3,100,000. The sale price equates to a price per square foot of $114. The property was previously owned by Charter Consultants, LLC.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,100,000
  • Address: 1360 Truby Drive, Haw River, NC
  • Market: Haw River, NC

Chris Fraser and Gary Lyons from Avison Young represented both the buyer, Burton & Burton, LLC, and the seller, Charter Consultants, LLC, in this transaction.

Players

Chris Fraser

Avison Young

Broker

$7.6M

vol

2 deals

Broker

Haw River 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93