Burton & Burton, LLC Acquires Industrial Property In Haw River, NC For $3.1M
SOLD
$3,100,000
North Carolina
See Similar DealsIndustrial27,084 SF
Sold 11/20/2022
SOLD
Burton & Burton, LLC Acquires Industrial Property In Haw River, NC For $3.1M
1360 Truby Drive
See Similar DealsIndustrial27,084 SF
Sold 11/20/2022
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$114
Total Square Footage:27,084 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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