Northmarq Sells Industrial Property In Mayodan, NC For $8.3M
SOLD
$8,300,000
North Carolina
See Similar DealsIndustrial224 SF
Sold 11/28/2022
SOLD
Northmarq Sells Industrial Property In Mayodan, NC For $8.3M
700 South Ayersville Road, Mayodan, North Carolina 27027, United States
See Similar DealsIndustrial224 SF
Sold 11/28/2022
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$37,053
Total Square Footage:224 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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