Updated Jul 25, 2025
Jason Bogart Of Accordia Acquires Industrial Portfolio From Ivanhoé Cambridge In Charlotte For $17.8M
1920 Starita Road & 2020 Starita Road
$17,800,000
$91/SF
Building Size
97,330 SF
Asset Type
Industrial
Closing
Jul 23, 2025
About this deal
AI
The industrial asset involved in this transaction is located at 1920 & 2020 Starita Road in Charlotte, NC. Accordia acquired the property for a sale price of $17,800,000. The portfolio consists of 97,330 square feet, resulting in a price per square foot of $183.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,800,000
- Square Footage: 97,330
- Address: 1920 & 2020 Starita Road
- Market: Charlotte, NC
- Buyer: Jason Bogart - Accordia
- Seller: Ivanhoé Cambridge
- Broker: Dave Andrews - JLL
This transaction marks Accordia's third deal in the Charlotte market within a year, demonstrating the company’s continued investment strategy in the region. The representatives involved include Dave Andrews from JLL, acting on behalf of the seller during this transaction.
On the Map
$17,800,000
$91/SF
Industrial
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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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93