Updated Oct 28, 2024
Westcore CG II Union Cross LLC Acquires 200,000 SF Industrial Property In Winston-Salem, NC For $21.6M
4991 Millennium Dr, Winston-Salem, North Carolina 27107, United States
$21,600,000
$108/SF
Building Size
200,000 SF
Asset Type
Industrial
Closing
Aug 29, 2022
About this deal
AI
The industrial property located at 4991 Millennium Drive in Winston-Salem, NC has been sold. Spanning across 21.5 acres, this property is a prime asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,600,000
- Size: 200,000 square feet
- Price per square foot: $108
- Address: 4991 Millennium Drive, Winston-Salem, NC
- Market: Winston-Salem, NC
Westcore CG II Union Cross LLC has acquired the property from UCIC LLC & UCIC-11 LLC for a total of $21,600,000. 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93