Updated Oct 28, 2025
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
About this deal
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.
On the Map
$52,000,000
$260/SF
Industrial
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Players
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