Fidelity Investments Acquires Industrial Property In Kannapolis From Trinity Capital Advisors For $37.75M

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.