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
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