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4051 Wallburg Road, Winston...

Cushman & Wakefield Brokers Sell Industrial Property In Winston-Salem, NC For $64M
SOLDIndustrial

Cushman & Wakefield Brokers Sell Industrial Property In Winston-Salem, NC For $64M

4051 Wallburg Road, Winston-Salem, North Carolina 27107, United States

$64,000,000

$104/SF

Building Size

610,000 SF

Asset Type

Industrial

Closing

Jul 20, 2022

AI

The industrial property located at 4051 Wallburg Road in Winston-Salem, NC has been sold in a closed transaction. The property spans 610,000 square feet and was sold for a price of $64,000,000, resulting in a price per square foot of $105.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $64,000,000
  • Address: 4051 Wallburg Road, Winston-Salem, NC
  • Square Footage: 610,000
  • Price per Square Foot: $105

The sale of this industrial property was facilitated by the brokerage firm Cushman & Wakefield. The deal was represented by the following brokers: Rob Cochran, Nolan Ashton, Bill Harrison, Stewart Calhoun, Casey Masters, Bobby Finch, Jason Ofsanko, and Hap Royster. These professionals played a key role in the successful completion of the transaction.

Players

Casey Masters

Cushman & Wakefield

Broker

$803.1M

vol

7 deals

Broker

Winston-Salem 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93