Stan Johnson Company Brokers Facilitate $11.4M Sale Of 90.5K SF Industrial Property In Winston-Salem, NC
SOLD
$11,400,000
North Carolina
See Similar DealsIndustrial90,499 SF
Sold 08/19/2022
SOLD
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
See Similar DealsIndustrial90,499 SF
Sold 08/19/2022
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$126
Total Square Footage:90,499 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$607,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,501.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,041.82
Annual Debt Service$648,501.79
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