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413 Goodman Road

Goldrich Kest Acquires 200000 Square Foot Warehouse In Concord NC For $52 Million
SOLDIndustrial

Goldrich Kest Acquires 200000 Square Foot Warehouse In Concord NC For $52 Million

413 Goodman Road

$52,000,000

$260/SF

Building Size

200,000 SF

Asset Type

Industrial

Closing

Oct 24, 2025

AI

An industrial property located at 413 Goodman Road in Concord, NC, was sold for $52 million. The asset spans 51.7 acres and includes a warehouse with a square footage of 200,000. The price per square foot for this transaction is $260.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $52,000,000
  • Address: 413 Goodman Road
  • Market: Concord, NC
  • Square Footage: 200,000
  • Price Per Square Foot: $260
  • Buyer: Goldrich Kest
  • Seller: Mirae Asset Global Investments

An affiliate of Goldrich Kest acquired the property from an affiliate of Mirae Asset Global Investments. The site has operated as an Amazon delivery station for the past five years and is situated near Concord-Padgett Regional Airport.

Players

GK
Goldrich KestBuyer
MI
Mirae Asset Global InvestmentsSeller

Concord 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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93