Updated Jul 17, 2026
SOLDIndustrial
LBA Logistics Acquires Industrial Properties In Winston-Salem From Westcore For $38.16M
4991 Millennium Dr & 4980 Millennium Dr
$38,160,000
$112/SF
Building Size
340,000 SF
Asset Type
Industrial
Closing
Jul 15, 2026
About this deal
AI
The industrial properties involved in this transaction consist of approximately 32.67 acres in Winston-Salem, North Carolina. The portfolio, which totals 340,000 square feet, includes a 200,000-square-foot facility located at 4991 Millennium Drive and a 140,000-square-foot building at 4980 Millennium Drive. The sale price for these properties was $38,160,000, representing a price per square foot of $112.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $38,160,000
- Square Footage: 340,000
- Address: 4991 Millennium Dr & 4980 Millennium Dr
- Market: Winston-Salem, NC
- Buyer: LBA Logistics
- Seller: Andrew Burke, Marc Brutten & Donald H. Ankeny - Westcore
LBA Logistics acquired the two warehouse properties from Westcore. The building at 4991 Millennium Drive is leased to Bunzl Distribution USA, while the property at 4980 Millennium Drive is leased to Southern Carlson. This acquisition supports LBA Logistics in expanding its industrial portfolio in the region.
On the Map
$38,160,000
$112/SF
Industrial
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Players
Winston Salem 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93