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201 Creek Ridge Road

Updated Feb 12, 2026

Somerset Properties Acquires Industrial Complex In Greensboro From Blue Ridge Industrial For $46.75M
SOLDIndustrial

Somerset Properties Acquires Industrial Complex In Greensboro From Blue Ridge Industrial For $46.75M

201 Creek Ridge Road

$46,750,000

$139/SF

Building Size

336,000 SF

Asset Type

Industrial

Closing

Feb 11, 2026

About this deal

AI

201 Creek Ridge Road is an industrial asset located in Greensboro, NC. The property involved in this transaction spans 336,000 square feet and was sold for $46,750,000, which calculates to approximately $139.14 per square foot. This sale involved the South Elm Industrial Center, consisting of 13 buildings, with an occupancy rate of 80% at the time of sale.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $46,750,000
  • Square Footage: 336,000
  • Address: 201 Creek Ridge Road
  • Market: Greensboro, NC
  • Buyer: Somerset Properties
  • Seller: Blue Ridge Industrial
  • Price Per Square Foot: $139.14

Somerset Properties acquired the South Elm Industrial Center from an affiliate of Blue Ridge Industrial. This transaction highlights the roles of both the buyer and seller within the industrial real estate market, with the complex being significantly leased at the time of the acquisition.

On the Map

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$46,750,000

$139/SF

Industrial

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Players

Somerset Properties
Somerset PropertiesBuyer

Greensboro Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $139 per square foot on a published $46.8M for 336,000 square feet (2026).

Browse Greensboro industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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