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14301 South Lakes Drive

Accordia Acquires 14301 South Lakes Drive Industrial Building In Charlotte For $6.8M
SOLDIndustrial

Accordia Acquires 14301 South Lakes Drive Industrial Building In Charlotte For $6.8M

14301 South Lakes Drive

$6,800,000

$191/SF

Building Size

35,542 SF

Asset Type

Industrial

Closing

Dec 19, 2024

AI

Accordia has acquired an industrial building located at 14301 South Lakes Drive in Charlotte, NC. The asset spans 35,542 square feet and was sold for $6.8 million, equating to a price per square foot of $191. The property is fully leased to three tenants.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,800,000
  • Sale Date: 12/19/2024
  • Address: 14301 South Lakes Drive
  • Market: Charlotte, NC
  • Square Footage: 35,542
  • Price Per Square Foot: $191

The brokerage team involved in this transaction includes Alek Salfia, Anne Johnson, Matt Smith, Patrick Gildea, and Robert Hardaway from CBRE, representing Accordia in the deal.

Players

Patrick Gildea

CBRE

Broker

$479.1M

vol

17 deals

Broker

Charlotte 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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93