Updated Oct 12, 2026
Triangle Business Journal Realty Income Corp Acquires Industrial Property In Garner, N.C. For $16.6M
200 Laurensfield Court, Garner, North Carolina 27529, United States
$16,600,000
$169,387/SF
Building Size
98 SF
Asset Type
Industrial
Closing
May 1, 2023
About this deal
AI
The industrial property located at 200 Laurensfield Court in Garner, N.C, was recently sold in a closed transaction. The property spans over 98,000 square feet and was acquired by Triangle Business Journal Realty Income Corp. The sale price for this transaction was $16,600,000, resulting in a price per square foot of $169. The seller in this deal was Wigeon Capital of Raleigh.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,600,000
- Address: 200 Laurensfield Court, Garner, N.C
- Market: Garner, N.C
- Buyer: Triangle Business Journal Realty Income Corp
- Seller: Wigeon Capital of Raleigh
- Square Footage: 98,000
- Price per Square Foot: $169
The purchase of this industrial property in Garner, N.C was facilitated by Triangle Business Journal Realty Income Corp's representative.
On the Map
$16,600,000
$169,387/SF
Industrial
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Players
Garner 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93