Updated Jul 8, 2026
Kamal Bhatia And Samuel J. Morreale Acquire Industrial Property In Mebane For $30 Million
1017 Corporate Park Drive
$30,000,000
$81/SF
Building Size
369,420 SF
Asset Type
Industrial
Closing
Jun 26, 2026
About this deal
AI
The asset involved in the transaction is a 369,420-square-foot industrial property located at 1017 Corporate Park Drive in Mebane, North Carolina. The property was acquired for a sale price of $30 million, equating to a price per square foot of $81.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,000,000
- Address: 1017 Corporate Park Drive
- Market: Mebane, NC
- Square Footage: 369,420
- Price per Square Foot: $81
- Buyer: Kamal Bhatia - Principal Asset Management & Samuel J. Morreale - Vision Real Estate Partners
- Seller: BCDC Portfolio Owner LLC
- Buyer's Representative: Cushman & Wakefield
- Seller's Representative: Newmark
A joint venture was formed between Vision Real Estate Partners and Principal Asset Management for this acquisition. Cushman & Wakefield will take responsibility for leasing the vacant property, while Newmark acted as the representative for the seller, BCDC Portfolio Owner LLC, in this transaction.
On the Map
$30,000,000
$81/SF
Industrial
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Players
Park 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93