Updated Oct 29, 2024
200 North 13 LLC Acquires Industrial Property In Erwin, NC For $9.5M
200 North 13th Street
$9,500,000
Building Size
—
Asset Type
Industrial
Closing
Feb 21, 2023
About this deal
AI
An industrial property located at 200 North 13th Street in Erwin, NC was recently sold. The transaction took place on 02/21/2023 and the property was purchased by 200 North 13 LLC for a sale price of $9,500,000. The property is an industrial asset and is situated in the Erwin market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $9,500,000
- Address: 200 North 13th Street, Erwin, NC
- Market: Erwin, NC
The successful completion of this transaction was facilitated by the brokers Moshe Silberstein and Michael Schlesinger from NS Builders. They represented the buyer, 200 North 13 LLC, throughout the deal.
Players
Erwin 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93