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10506 Bryton Corporate Cent...

Hartz Mountain Industries Acquires Industrial Asset From PGIM Real Estate For $139 Million
SOLDIndustrial

Hartz Mountain Industries Acquires Industrial Asset From PGIM Real Estate For $139 Million

10506 Bryton Corporate Center Drive

$139,000,000

Units

700,005

Asset Type

Industrial

Closing

Feb 5, 2025

AI

The industrial asset located at 10506 Bryton Corporate Center Drive in Huntersville, NC consists of 700,005 square feet and recently sold for $139,000,000.00. This transaction reflects a significant transfer in the industrial market of the area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $139,000,000.00
  • Address: 10506 Bryton Corporate Center Drive
  • Market: Huntersville, NC
  • Units: 700,005
  • Buyer: Hartz Mountain Industries
  • Seller: PGIM Real Estate, Foundry Commercial

This transaction was facilitated by the involvement of Hartz Mountain Industries as the buyer and PGIM Real Estate, Foundry Commercial as the seller, indicating a strategic movement in their respective portfolios.

Players

Cushman & Wakefield
Cushman & WakefieldBrokerage

Huntersville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93