Robeson Street Properties LLC Acquires Industrial Building & Development Site For $11.9M

An industrial building spanning 93,508 square feet, located at 2820 US Route 421 in Wilmington, NC, was sold in a closed transaction. The property, along with a five-acre development site, was acquired by Robeson Street Properties LLC from seller Don Hyneman of APG Capital for a total of $11.9 million, equating to a price per square foot of $127.

Summary of transation details:

• Property Type: Industrial & Development Site
• Transaction Amount: $11,900,000
• Address: 2820 US Route 421 & 3901 US Route 421
• Market: Wilmington, NC

The transaction was facilitated through the representation of brokers Daniel Walser and David Divine from APG Advisors. Daniel Walser and David Divine played a crucial role in connecting the buyer, Robeson Street Properties LLC, with the seller, Don Hyneman of APG Capital, ensuring a smooth exchange of the industrial property and the accompanying development site in Wilmington, North Carolina.