MCRE Acquires Industrial Asset From National Fleet Mgmt In Charlotte For $5.15M
5029 Equipment Drive
$5,150,000
$428/SF
Building Size
12,020 SF
Asset Type
Industrial
Closing
Mar 25, 2026
AI
The industrial asset located at 5029 Equipment Drive in Charlotte, NC has been sold for a transaction amount of $5,150,000. This property encompasses 12,020 square feet, resulting in a price per square foot of $428.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,150,000
- Square Footage: 12,020
- Price per Square Foot: $428
- Buyer: MCRE
- Seller: National Fleet Mgmt
- Brokers: Marc D. Smouha & David Salameh - Corepoint RE
- Date of Transaction: 3/26/2026
- Market: Charlotte, NC
Marc D. Smouha and David Salameh from Corepoint RE represented the transaction, emphasizing their role in facilitating this off-market deal within the Charlotte NC IOS market. CorePoint RE operates nationwide, inviting potential connections for future transactions.
Players
Charlotte 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93