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
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