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Louis DeJoy Of United States Postal Service Acquires Industrial Property In Charlotte, NC
SOLD
$11,950,000
North Carolina
See Similar DealsIndustrial263,178 SF
Sold 03/18/2024
SOLD
Louis DeJoy Of United States Postal Service Acquires Industrial Property In Charlotte, NC
2901 Scott Futrell Drive
See Similar DealsIndustrial263,178 SF
Sold 03/18/2024
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$45
Total Square Footage:263,178 SF
Transaction Type:Sale
The United States Postal Service has purchased a warehouse property spanning 263,178 square feet in Charlotte, NC, located at 2901 Scott Futrell Drive, for $11.95 million, equating to roughly $45.41 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,950,000
- Buyer: Louis DeJoy - United States Postal Service
- SF: 263,178
- PPSF: $45
- Market: Charlotte, NC
Louis DeJoy, representing the United States Postal Service, has successfully finalized the acquisition of the industrial property located in Charlotte, NC. The deal, amounting to $11.95 million, marks a strategic investment for the postal service in expanding its property portfolio.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$637,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,455.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,649.10
Annual Debt Service$679,789.16
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