Updated Jun 4, 2026
Alta Peak Capital And Cedar Square Acquire Industrial Complex In Charlotte For $12.7M
635 Pressley Road, 645 Pressley Road & 655 Pressley Road
$12,700,000
$35/SF
Building Size
120,492 SF
Asset Type
Industrial
Closing
Jun 2, 2026
About this deal
AI
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.
On the Map
$12,700,000
$35/SF
Industrial
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Players
Brevard 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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93