David W. Schostak Of Schostak Brothers Acquires Industrial Building In Sanford For $5M

2613 Lee Avenue is an industrial building located in Sanford, NC, which has been sold for $5,000,000. The property encompasses a total area of 91,366 square feet, translating to a price per square foot of $55. A notable aspect of this transaction is that approximately 60,000 square feet of the property is available for lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Address: 2613 Lee Avenue
• Market: Sanford, NC
• Square Footage: 91,366
• Price Per Square Foot: $55
• Buyer: David W. Schostak
• Company: Schostak Brothers

David W. Schostak, representing Schostak Brothers, executed this transaction as the firm's first acquisition in North Carolina, expanding their investment portfolio into a new market.