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510 Corliss Street

Alec Ludwig Of Clock Tower Industrial Acquires Industrial Property In Greensboro For $2.1M
SOLDIndustrial

Alec Ludwig Of Clock Tower Industrial Acquires Industrial Property In Greensboro For $2.1M

510 Corliss Street

$2,100,000

$86/SF

Building Size

24,400 SF

Asset Type

Industrial

Closing

Apr 29, 2026

AI

This industrial property located at 510 Corliss Street in Greensboro, NC, was transacted for a total of $2,100,000. The asset encompasses a total square footage of 24,400, translating to a price per square foot of $86.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,100,000
  • Address: 510 Corliss Street
  • Market: Greensboro, NC
  • Buyer: Alec Ludwig - Clock Tower Industrial
  • Seller: Daniel Pierce
  • Brokers: Marc D. Smouha & David Salameh - Corepoint RE

The transaction was facilitated by CorePoint RE, represented by Marc D. Smouha and David Salameh. The firm announced the closing of this off-market deal, indicating their active presence nationwide in the real estate market.

Players

Marc D. Smouha

Corepoint RE

Broker

$260.5M

vol

36 deals

Broker

Alec Ludwig

Buyer

$116.3M

vol

5 deals

Buyer

Greensboro 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93