Updated Aug 3, 2026
SOLDIndustrial
Obrecht Properties LLC Acquires 30 Acres In Fayetteville For Industrial Development Project
2755 Procurement Circle
Building Size
325,550 SF
Asset Type
Industrial
Closing
Jul 17, 2026
About this deal
AI
The property asset involved in the transaction is an industrial development located at 2755 Procurement Circle in Fayetteville, NC. The asset encompasses 325,550 square feet and spans nearly 30 acres, indicating a significant investment in the regional industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2755 Procurement Circle
- Market: Fayetteville, NC
- Square Footage: 325,550
- Acreage: 30
- Buyer: Thomas F. Obrecht, George Obrecht & Bryan Eberle
- Company: Obrecht Properties, LLC
Obrecht Properties, LLC has entered the North Carolina market through this acquisition. They are set to break ground on The Gateway at Military Business Park, which highlights their strategic focus on sectors including defense, medical, and logistics. Phase I of the development entails two buildings totaling 52,500 square feet, with an expected delivery date in the next summer.
Players
Circle 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93