Updated Oct 23, 2026
Matthew Browder Of Browder Brown Acquires Industrial Property In Charlotte For $2.5M
2604 North Davidson Street
$2,500,000
Building Size
—
Asset Type
Industrial
Closing
Oct 22, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 2604 North Davidson Street in Charlotte, NC. It has a sale price of $2,500,000 and encompasses a 0.8-acre assemblage that includes a residence and vacant land. The former Neese’s Country Sausage distribution warehouse is recognized for its transit-oriented zoning and proximity to the Lynx Blue Line and nearby residential density.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 2604 North Davidson Street
- Market: Charlotte, NC
- Buyer: Matthew Browder
- Buyer’s Representative: Browder Brown
Matthew Browder, representing Browder Brown, is the buyer who acquired the property. Although there are no finalized redevelopment plans at this time, the firm anticipates that retail may emerge as the most likely use for the site in the future.
On the Map
$2,500,000
Industrial
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Salisbury 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93