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2598 Empire Drive, Winston-...

Stan Johnson Company Brokers Facilitate $11.4M Sale Of 90.5K SF Industrial Property In Winston-Salem, NC
SOLDIndustrial

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

Maggie Holmes

NorthMarq

Broker

$66.9M

vol

6 deals

Broker

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