Updated Oct 28, 2024
Westcore CG II Union Cross LLC Acquires Industrial Property In Winston-Salem, NC For $15.27M
4980 Millennium Dr, Winston-Salem, North Carolina 27107, United States
$15,270,000
$109/SF
Building Size
140,000 SF
Asset Type
Industrial
Closing
Aug 29, 2022
About this deal
AI
The industrial property located at 4980 Millennium Drive in Winston-Salem, NC was recently sold. The property spans 11.7 acres and features a total area of 140,000 square feet. The transaction took place on August 30, 2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $15,270,000
- Price per Square Foot: $109
- Address: 4980 Millennium Drive, Winston-Salem, NC
- Market: Winston-Salem, NC
The buyer in this transaction was Westcore CG II Union Cross LLC, while the sellers were UCIC LLC and UCIC-11 LLC. The deal was facilitated by Cushman & Wakefield, acting as the broker.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93