Updated Oct 12, 2026
Environmental Air Systems Acquires 500,160 Square Foot Industrial Facility In Browns Summit For $56.74M
5955 Summit Avenue
$56,740,000
$113/SF
Building Size
500,160 SF
Asset Type
Industrial
Closing
Apr 27, 2026
About this deal
AI
The industrial property located at 5955 Summit Avenue in Browns Summit, North Carolina, encompasses an area of 53 acres and features a facility with a total square footage of 500,160. The property was sold for a transaction amount of $56,740,000, resulting in a price per square foot of $113.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $56,740,000
- Address: 5955 Summit Avenue
- Market: Browns Summit, NC
- Acres: 53
- Square Feet: 500,160
- Price per Square Foot: $113
- Buyer: Romaine Camera - Environmental Air Systems
- Seller: Silverman
Romaine Camera, representing Environmental Air Systems, facilitated the acquisition of the property from a venture belonging to Silverman, which had developed this industrial facility in 2022.
On the Map
$56,740,000
$113/SF
Industrial
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Players
Browns Summit 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93