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Accordia Acquires 14301 South Lakes Drive Industrial Building In Charlotte For $6.8M
SOLD
$6,800,000
+ 3
North Carolina
See Similar DealsIndustrial35,542 SF
Sold 12/19/2024
SOLD
Accordia Acquires 14301 South Lakes Drive Industrial Building In Charlotte For $6.8M
14301 South Lakes Drive
See Similar DealsIndustrial35,542 SF
Sold 12/19/2024
+ 3
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$191
Total Square Footage:35,542 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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