Daily limit: 0/10
Fidelity Investments Acquires Industrial Property In Kannapolis From Trinity Capital Advisors For $37.75M
SOLD
$37,750,000
North Carolina
See Similar DealsIndustrial198,400 SF
Sold 12/09/2025
SOLD
Fidelity Investments Acquires Industrial Property In Kannapolis From Trinity Capital Advisors For $37.75M
6255 Shumard St
See Similar DealsIndustrial198,400 SF
Sold 12/09/2025
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$190
Total Square Footage:198,400 SF
Transaction Type:Sale
The industrial property located at 6255 Shumard St in Kannapolis, NC, has a total square footage of 198,400 and was sold for $37,750,000. The sale price equates to approximately $190 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $37,750,000
- Buyer: Abigail P. Johnson - Fidelity Investments
- Seller: Trinity Capital Advisors
- Market: Kannapolis, NC
Abigail P. Johnson represented Fidelity Investments in the acquisition of the property, which was previously owned by Trinity Capital Advisors. An affiliate of Fidelity Investments was the purchasing entity in this transaction.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,013,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$134,117.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$178,954.26
Annual Debt Service$2,147,451.11
Is there something missing? Send suggestions