LEASEDIndustrial
Elite Logistix Signs 7-Year Industrial Lease For 221,000 SF At 4140 Pleasant Road Fort Mill
4140 Pleasant Road
Building Size
221,000 SF
Asset Type
Industrial
Closing
Aug 5, 2026
AI
The property involved in the transaction is an industrial asset located at 4140 Pleasant Road in Fort Mill, South Carolina, totaling 221,000 square feet. The facility is part of a larger 478,400-square-foot industrial complex owned by a partnership between Growth Capital Partners and Highline Real Estate Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Terms: 7 years
- Landlord: Key Foster - Highline Real Estate Partners; Gardner Lee & John Hagefstration - Growth Capital Partners
- Tenant: Matt Matthews - Elite Logistix
- Lease Type: Industrial Lease
- Market: Fort Mill, SC
Key individuals involved in the lease transaction include Key Foster, Gardner Lee, and John Hagefstration representing the landlord side, while Matt Matthews represents the tenant, Elite Logistix. Cushman & Wakefield is responsible for representing the tenant, while Avison Young represents the landlord in this leasing deal.
Players
Fort Mill Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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