Faropoint Acquires 312.9K SF Industrial Portfolio In Charlotte For $33.3M

Faropoint has acquired a 312,950-square-foot industrial portfolio consisting of three buildings in Charlotte, NC for a total price of $33.3 million. The properties include a 45,750-square-foot building located at 4112 Joe Street, a 200,000-square-foot asset at 2101 Westinghouse Boulevard, and a 67,200-square-foot building at 9701 Brookford Street. The purchase price per square foot is calculated at $106.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $33,300,000
• SF: 312,950
• PPSF: $106
• Buyer: Faropoint - Adir Levitas
• Seller: Beacon Partners
• Broker: Patrick Gildea - CBRE

This acquisition was facilitated by Patrick Gildea from CBRE, serving as Faropoint's representative. The seller, Beacon Partners, agreed to the transaction with Faropoint at the mentioned price. The deal represents a significant investment opportunity in the flourishing industrial market of Charlotte, NC.