Updated Sep 5, 2024
Northmarq Sells Industrial Property In Mayodan, NC For $8.3M
700 South Ayersville Road, Mayodan, North Carolina 27027, United States
$8,300,000
$37,053/SF
Building Size
224 SF
Asset Type
Industrial
Closing
Nov 28, 2022
About this deal
AI
The industrial property located at 700 South Ayersville Road in Mayodan, NC has been sold in a closed transaction. The property spans a total area of 224,888 square feet and was sold for a price of $8,300,000. This translates to a price per square foot of $37.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Address: 700 South Ayersville Road
- Market: Mayodan, NC
- Broker: Rob Gemerchak - Northmarq
- Square Footage: 224,888
- Price per Square Foot: $37
Rob Gemerchak, representing Northmarq, played a pivotal role as the broker in this transaction.
On the Map
$8,300,000
$37,053/SF
Industrial
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Mayodan 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93