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
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