Updated Dec 2, 2025
Nathaniel Hagedorn Of NorthPoint Development Acquires Industrial Asset In Greensboro For $19.05M
7901 Indlea Pt
$19,050,000
$90/SF
Building Size
210,600 SF
Asset Type
Industrial
Closing
Nov 26, 2025
About this deal
AI
The property involved in this transaction is located at 7901 Indlea Pt in Greensboro, NC. It is classified as an industrial asset, comprising a total square footage of 210,600. The sale price for this property was $19,050,000, translating to a price per square foot of $90.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,050,000
- Square Footage: 210,600
- Address: 7901 Indlea Pt
- Market: Greensboro, NC
- Buyer: Nathaniel Hagedorn - NorthPoint Development
- Seller: ProKidney
- Broker: Cushman & Wakefield
Nathaniel Hagedorn represents NorthPoint Development in this transaction. The deal involved the acquisition of the 73 Business Center from the biotech firm ProKidney, facilitated by Cushman & Wakefield as the brokerage firm handling the sale.
Players
Colfax 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93