Bluerock Acquires 17 Acres Industrial Property In Benson From MT96 Crosspoint LLC & AHG Crosspoint LLC For $28M

The property located at 2028 Woodall Dairy Road in Benson, NC, features an industrial asset comprising 17 acres with a total square footage of 327,000. The transaction was executed at a sale price of $28,000,000, translating to a price per square foot of $86.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,000,000
• Address: 2028 Woodall Dairy Road
• Market: Benson, NC
• Acres: 17
• Square Footage: 327,000
• Price per Square Foot: $86
• Buyer: Bluerock
• Seller: MT96 Crosspoint LLC & AHG Crosspoint LLC
• Brokers: Paul Loukas & Hank Miller - Cape Fear Commercial

This transaction involved Bluerock acquiring the industrial property, which has been occupied by a John Deere tenant since 2000. The brokers representing the deal, Hank Miller and Paul Loukas, highlighted the continued interest in industrial assets attributed to persistent demand and low capitalization rates.