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
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