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
194,660 SF
Asset Type
Industrial
Closing
Jul 23, 2025
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.
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