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7355 West Friendly Avenue

Updated Oct 14, 2025

Griffin Partners Acquires West Friendly Business Park In Greensboro From Perkins Fund For $20M
SOLDIndustrial

Griffin Partners Acquires West Friendly Business Park In Greensboro From Perkins Fund For $20M

7355 West Friendly Avenue

$20,000,000

$154/SF

Building Size

129,519 SF

Asset Type

Industrial

Closing

Oct 7, 2025

About this deal

AI

Griffin Partners purchased an industrial property located at 7355 West Friendly Avenue in Greensboro, NC. The asset spans 12.36 acres and consists of 129,519 square feet, with a sale price of $20 million. The property is 95% leased to 42 tenants and features 24 dock doors and 39 drive-in doors.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Address: 7355 West Friendly Avenue
  • Market: Greensboro, NC
  • Lease Status: 95% leased
  • Number of Tenants: 42
  • Square Footage: 129,519
  • Price per Square Foot: $154
  • Acreage: 12.36
  • Seller: Perkins Fund
  • Buyer: Griffin Partners

Perkins Fund LP was the seller in this transaction, facilitating the sale of the West Friendly Business Park. The deal highlights the involvement of Griffin Partners as the buyer, acquiring a fully leased industrial property in close proximity to Piedmont Triad International Airport.

On the Map

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$20,000,000

$154/SF

Industrial

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Players

Griffin Partners
Griffin PartnersBuyer
Perkins Fund
Perkins FundSeller

Greensboro Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $154 per square foot on a published $20M for 129,519 square feet (2025).

Browse Greensboro industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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