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Alta Peak Capital And Cedar Square Acquire Industrial Complex In Charlotte For $12.7M
SOLD
$12,700,000
North Carolina
See Similar DealsIndustrial361,476 SF
Sold 06/02/2026
SOLD
Alta Peak Capital And Cedar Square Acquire Industrial Complex In Charlotte For $12.7M
635 Pressley Road, 645 Pressley Road & 655 Pressley Road
See Similar DealsIndustrial361,476 SF
Sold 06/02/2026
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:361,476 SF
Transaction Type:Sale
An industrial complex located at 635 Pressley Road, 645 Pressley Road & 655 Pressley Road in Charlotte, NC has been sold for $12,700,000. The total square footage of the complex is 120,492, resulting in a price per square foot of $105.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,700,000
- Buyer: Alta Peak Capital & Cedar Square
- Seller: Exit 14 Associates
- Broker: Avison Young
The transaction marks a venture involving Alta Peak Capital and Cedar Square, who have acquired Pressley Park from Exit 14 Associates, with the deal facilitated by the brokerage services of Avison Young.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$677,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,204.48
Annual Debt Service$722,453.75
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