Updated Sep 3, 2026
Tom Hotovec Of The Meritex Company Acquires Industrial Properties In Huntersville For $41.5M
10028 Torrence Ford Dr & 10036 Torrence Ford Dr
$41,500,000
$179/SF
Building Size
230,830 SF
Asset Type
Industrial
Closing
Sep 2, 2026
About this deal
AI
The transaction involved two industrial buildings located at 10028 and 10036 Torrence Ford Dr in Huntersville, NC. The total sale price for the properties was $41,500,000. The buildings have a combined square footage of 230,830 and span approximately 22 acres in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $41,500,000
- Address: 10028 & 10036 Torrence Ford Dr
- Market: Huntersville, NC
- Square Footage: 230,830
- Price Per Square Foot: $180
- Buyer: Tom Hotovec - The Meritex Company
- Seller: Franz F. Colloredo-Mansfeld - Cabot Properties
- Acquisition Financing: Associated Bank
This transaction marks Cabot Properties' second industrial sale in the Charlotte area this year, following a previous sale of Arrowridge Business Park for $41.4 million in July. Tom Hotovec represents The Meritex Company in this acquisition.
Players
Dodge City 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93