Updated Sep 18, 2026
SOLDIndustrial
Box Equities Acquires Industrial Asset From Ladder Capital In Kings Mountain For $33.21M
705 Canterbury Road
$33,210,948
$71/SF
Building Size
467,781 SF
Asset Type
Industrial
Closing
Aug 18, 2021
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 705 Canterbury Road in the Kings Mountain market. The buyer, Box Equities, acquired the property from Ladder Capital for a total price of $33,210,948. The facility encompasses a total area of 467,781 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $33,210,948
- Buyer: Box Equities
- Seller: Ladder Capital
- Address: 705 Canterbury Road
- Market: Kings Mountain
- Square Footage: 467,781
Box Equities, acting as the buyer in this transaction, is involved in acquiring and managing real estate properties, while Ladder Capital serves as the seller, engaged in providing financing and investment options in the property market.
On the Map
$33,210,948
$71/SF
Industrial
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Players
Kings Mountain 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93