Stoltz Real Estate Partners Acquires Carolina 85 Logistics Center In Kings Mountain For $32.9M

Equus Capital Partners has announced the sale of Carolina 85 Logistics Center, a 300,468 square-foot warehouse/distribution facility located at 330 Woodlake Parkway in Kings Mountain, North Carolina. The property was sold to an affiliate of Stoltz Real Estate Partners for a total of $32.9 million. The transaction represents a per square foot price of $109.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $32,900,000
• Address: 330 Woodlake Parkway
• Market: Kings Mountain, NC
• Acres: 23.7

The buyer in this transaction was an affiliate of Stoltz Real Estate Partners, while the seller was Equus Capital Partners, Ltd. Representing the buyer in the deal were Matt Treble, Fermin Montes de Oca, and Patrick McGrath from Cushman & Wakefield. On the seller's side, Frank Fallon, Jose LoBon, Trey Barry, and Mike Hines from CBRE served as the representatives.

It is worth noting that this sale marks the transfer of ownership of Carolina 85 Logistics Center from Equus Capital Partners to Stoltz Real Estate Partners, solidifying the latter's presence in the Kings Mountain area.