McCraney Property Co And Shoreline Capital Acquire 55 Acres In Concord NC For $5.45M

An industrial property consisting of 55 acres located at 4518 Davidson Highway in Concord, NC was sold for $5,450,000. The asset is positioned in a market that is anticipated to host industrial buildings as part of a future development project.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,450,000
• Address: 4518 Davidson Highway
• Market: Concord, NC
• Acres: 55
• Buyer: McCraney Property Co & Shoreline Capital
• Seller: American Asset Corp & Shoffner Development

The transaction involves McCraney Property Co. and Shoreline Capital as the buyers, aiming to develop the land into Concord Gateway, which includes investments of approximately $45 million into the construction of industrial buildings ranging from 10,000 to 64,000 square feet.