Updated Aug 31, 2026
Jeffrey Bershad And Philip Bershad Purchase Industrial Property From Matt Roth For $19.5M In Burlington
1736 Whites Kennel Road
$19,500,000
$104/SF
Building Size
187,000 SF
Asset Type
Industrial
Closing
Aug 27, 2026
About this deal
AI
The industrial property located at 1736 Whites Kennel Road in Burlington, North Carolina has been sold for $19,500,000. This asset encompasses 187,000 square feet across a 13.05-acre site. The facility, built in 2025, features 20 dock-high doors, three drive-in doors, and 36 truck parking spaces. Its strategic location near N.C. 49 and I-40 allows for efficient access to the Triad and Triangle markets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,500,000
- Address: 1736 Whites Kennel Road
- Market: Burlington, NC
- Square Footage: 187,000
- Price Per Square Foot: $104
- Buyer: Jeffrey Bershad & Philip Bershad
- Buyer's Company: Phillip Jefferies
- Seller: Matt Roth
- Seller's Company: BlueScope Properties Group
- Acres: 13.05
Jeffrey Bershad and Philip Bershad represented Phillip Jefferies in this transaction. The property was previously owned by Matt Roth from BlueScope Properties Group, marking a significant transfer of ownership within the industrial real estate sector.
Players
Burlington 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93