Updated Oct 29, 2024
Welcome Group Acquires Industrial Facility In Monroe, NC For $16M
1710 Airport Road Monroe, North Carolina 28110, USA
$16,000,000
$87/SF
Building Size
183,509 SF
Asset Type
Industrial
Closing
Aug 8, 2023
About this deal
AI
An affiliate of the Welcome Group has acquired a 183,509-square-foot manufacturing facility located at 1710 Airport Road in Monroe, N.C. The transaction was valued at $16 million, with a price per square foot of $87.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 1710 Airport Road, Monroe, NC
- Market: Monroe, NC
- Buyer: Affiliate of the Welcome Group
- Seller: Circor International Inc
- Broker: Cushman & Wakefield
- Square Footage: 183,509
- Price per Square Foot: $87
The manufacturing facility was sold by Circor International Inc to an affiliate of the Welcome Group for $16 million. The transaction involved the brokerage services of Cushman & Wakefield. This acquisition provides the Welcome Group with a significant industrial asset in Monroe, N.C.
Players
Mulgildie 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93