Updated Dec 9, 2025
Greenspring Realty Partners Acquires Industrial Asset From David Beddingfield For $1.2M In Charlotte NC
401 Lawton Road
$1,200,000
$198/SF
Building Size
6,040 SF
Asset Type
Industrial
Closing
Nov 30, 2025
About this deal
AI
This industrial asset is located at 401 Lawton Road in Charlotte, NC. The sale price was $1,200,000 for a square footage of 6,040, resulting in a price per square foot of $198. The transaction was executed off market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Address: 401 Lawton Road
- Market: Charlotte, NC
- Square Footage: 6,040
- Price per Square Foot: $198
- Buyer: Greenspring Realty Partners
- Seller: David Beddingfield
- Brokers: Marc D. Smouha & David Salameh - Corepoint RE
CorePoint RE facilitated the deal, with Marc D. Smouha and David Salameh representing the seller in this transaction. This closing marks a successful engagement in the Charlotte industrial market.
On the Map
$1,200,000
$198/SF
Industrial
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Players
Charlotte 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93