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2087 Williams Industrial Blvd

Scannell Properties Leases 691275 Square Feet Industrial Space To Sustainable Packaging Manufacturer In Rock Hill SC
LEASEDIndustrial

Scannell Properties Leases 691275 Square Feet Industrial Space To Sustainable Packaging Manufacturer In Rock Hill SC

2087 Williams Industrial Blvd

Building Size

691,275 SF

Asset Type

Industrial

Closing

Jan 23, 2025

AI

The transaction involved a 691,275-square-foot industrial asset located at 2087 Williams Industrial Blvd in Rock Hill, SC. The asset is part of Legacy Park East, which is currently fully leased with additional sites available for future development. The property is classified as industrial in asset type.

Summary of transaction details:

Avison Young facilitated the lease transaction, representing the landlord, Scannell Properties. This deal marks the addition of a notable tenant in the sustainable packaging sector to the property, contributing to the fully leased status of the facility.

Players

Tom Tropeano

Avison Young

Broker

$48M

vol

3 deals

Broker

Rock Hill Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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