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
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.
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