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
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