Stan Johnson Company Brokers Facilitate $11.4M Sale Of 90.5K SF Industrial Property In Winston-Salem, NC
2598 Empire Drive, Winston-Salem, North Carolina 27103, United States
$11,400,000
$126/SF
Building Size
90,499 SF
Asset Type
Industrial
Closing
Aug 18, 2022
AI
The industrial property located at 2598 Empire Dr in Winston-Salem, NC has been sold. The property covers an area of 5.5 acres and features a total square footage of 90,499. The transaction was facilitated by Jonathan Ameen and Maggie Holmes from Stan Johnson Company.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,400,000
- Address: 2598 Empire Dr, Winston-Salem, NC
- Market: Winston-Salem, NC
- Acres: 5.5
- Square Footage: 90,499
- Brokers: Jonathan Ameen & Maggie Holmes - Stan Johnson Company
This transaction showcases the expertise of Jonathan Ameen and Maggie Holmes from Stan Johnson Company who successfully closed the deal for this industrial property in Winston-Salem, NC. The property was sold for $11,400,000, with a price per square foot of $126.
Players
Winston-Salem 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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93