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705 Canterbury Road

Box Equities Acquires Industrial Asset From Ladder Capital In Kings Mountain For $33.21M
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

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.

Players

Lyman Phillips

Golden Lion Capital Investments

Broker

$439.2M

vol

26 deals

Broker
BE
Box EquitiesBuyer

Ladder Capital

Seller
Seller

Kings Mountain Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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