Updated Oct 19, 2026
Karis Cold Secures $53.6 Million Loan For Cold Storage Facility In Rock Hill SC
3623 Lazy Hawk Road
$53,600,000
$193/SF
Building Size
277,785 SF
Asset Type
Industrial
Closing
Feb 4, 2026
About this deal
AI
The property asset involved in the transaction is a cold storage facility located at 3623 Lazy Hawk Road, Rock Hill, SC, with a total square footage of 277,785. The transaction includes a loan amount of $53,600,000 facilitated by Prime Finance Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $53,600,000
- Address: 3623 Lazy Hawk Road
- Market: Rock Hill, SC
- Lender: Prime Finance Partners
- Landlord: Karis Cold
Karis Cold secured the loan to enhance its cold storage operations, with a portion of the facility designated for Hissho Sushi's new headquarters and distribution center. This involvement of Hissho Sushi represents a strategic utilization of the space.
On the Map
$53,600,000
$193/SF
Industrial
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Players
Rock Hill Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93