Updated Oct 13, 2026
Beacon Partners Sells 234224 Square Foot Industrial Facility At 720 Pegg Road For $31.5M
720 Pegg Road
$31,500,000
$134/SF
Building Size
234,224 SF
Asset Type
Industrial
Closing
Sep 27, 2024
About this deal
AI
The industrial property located at 720 Pegg Road in Greensboro, NC, encompasses a Class A logistics facility comprising 234,224 square feet. The property has been sold for $31.5 million, amounting to approximately $134 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,500,000
- Address: 720 Pegg Road
- Market: Greensboro, NC
- Seller: Beacon Partners
- Brokers: Allan Parrott, Dave Andrews, Michael Lewis, Pete Pittroff & Zachary Llyod - JLL
- Square Footage: 234,224
- Price Per Square Foot: $134
Beacon Partners completed the sale through negotiation facilitated by representatives from JLL. The brokers involved in this transaction include Allan Parrott, Dave Andrews, Michael Lewis, Pete Pittroff, and Zachary Llyod, who played a significant role in the deal's execution.
On the Map
$31,500,000
$134/SF
Industrial
View full map
Players
Greensboro Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Dave Andrews to view all their deals.
Browse Greensboro industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93