Updated Jan 28, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2087 Williams Industrial Blvd
- Market: Rock Hill, SC
- Square Footage: 691,275
- Brokers: Christopher Skibinski, Tom Tropeano & Henry Lobb - Avison Young
- Landlord: Scannell Properties
- Tenant: Major sustainable packaging manufacturer
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.
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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