William R. Crooker Of Stag Industrial Acquires Industrial Facility From Robert Scannell For $83M
3450 Hopson Road
$83,000,000
$244/SF
Building Size
340,200 SF
Asset Type
Industrial
Closing
Jan 2, 2026
AI
The property asset involved in this transaction is located at 3450 Hopson Road in the market of Durham, NC. This industrial asset was sold for $83,000,000. The facility encompasses a total area of 340,200 square feet, resulting in a price per square foot of $244.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $83,000,000
- Buyer: William R. Crooker - Stag Industrial
- Seller: Robert Scannell - Scannell Properties
- Sale Date: 01/02/2026
- Lease Tenant: Kuehne+Nagel
William R. Crooker, representing Stag Industrial, successfully acquired the industrial property from Robert Scannell, who represents Scannell Properties. The asset is part of Durham’s Triangle 55 industrial park and is currently fully leased to Kuehne+Nagel, confirming its operational status post-sale.
Players
Durham Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93