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Hoffman & Hoffman Inc. Acquires Industrial Facility From Crescent Communities For $23.5M In Greensboro
SOLD
$23,500,000
North Carolina
See Similar DealsIndustrial173,280 SF
Sold 01/19/2026
SOLD
Hoffman & Hoffman Inc. Acquires Industrial Facility From Crescent Communities For $23.5M In Greensboro
7915 Triad Center Drive
See Similar DealsIndustrial173,280 SF
Sold 01/19/2026
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$135
Total Square Footage:173,280 SF
Transaction Type:Sale
An industrial facility located at 7915 Triad Center Drive in Greensboro, NC, was sold for $23,500,000. The property has a total area of 173,280 square feet. It includes 2,804 square feet of office space, 171 parking spots, a clear height of 32 feet, and features 47 dock doors.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $23,500,000
- Square Footage: 173,280
- Address: 7915 Triad Center Drive
- Market: Greensboro, NC
- Buyer: Hoffman & Hoffman Inc.
- Seller: Crescent Communities
- Broker Representatives: Jason Ofsanko & Jordan Mitchell - Cushman & Wakefield
Crescent Communities sold the AXIAL Liberty Commerce property, with Cushman & Wakefield acting as the representative for the seller in this transaction. The broker representatives involved were Jason Ofsanko and Jordan Mitchell.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,253,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87
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