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1920 Starita Road

Jason Bogart Of Accordia Acquires Industrial Portfolio From Ivanhoé Cambridge In Charlotte For $17.8M
SOLDIndustrial

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

Dave Andrews

JLL

Broker

$416.6M

vol

8 deals

Broker
JLL
JLLBrokerage
Ivanhoé Cambridge
Ivanhoé CambridgeSeller

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