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9015 Air Park West Drive, C...

Lincoln Property Co Acquires Industrial Property In Charlotte, N.C For $81M
SOLDIndustrial

Lincoln Property Co Acquires Industrial Property In Charlotte, N.C For $81M

9015 Air Park West Drive, Charlotte, North Carolina 28214, United States

$81,000,000

$129,393/SF

Building Size

626 SF

Asset Type

Industrial

Closing

Feb 12, 2022

AI

The industrial property located at 9015, 8805, 8810 & 8710 Air Park W. Dive in Charlotte, N.C has been sold in a transaction. The property spans a total square footage of 626,061 and was sold for a price of $81,000,000, resulting in a price per square foot of $129. The transaction took place on 12/02/2022 between the buyer, Lincoln Property Co, and the seller, BentallGreenOak.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $81,000,000
  • Square footage: 626,061
  • Price per square foot: $129
  • Address: 9015, 8805, 8810 & 8710 Air Park W. Dive, Charlotte, N.C
  • Market: Charlotte, N.C
  • Buyer: Lincoln Property Co
  • Seller: BentallGreenOak
  • Brokers: Dave Andrews, Pete Pittroff, Patrick Nally & Zach Lloyd – JLL
  • Date: 12/02/2022

The transaction of the industrial property was facilitated by the brokers Dave Andrews, Pete Pittroff, Patrick Nally, and Zach Lloyd from JLL.

Players

Pete Pittroff

JLL

Broker

$450.9M

vol

9 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
Lincoln Property Company
Lincoln Property CompanyBuyer
BentallGreenOak
BentallGreenOakSeller

Charlotte 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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93