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3042 Southcross Boulevard, ...

Brick O. Real Estate Acquires Industrial Property In Rock Hill, SC For $5.6M
SOLDIndustrial

Brick O. Real Estate Acquires Industrial Property In Rock Hill, SC For $5.6M

3042 Southcross Boulevard, Rock Hill, South Carolina 29730, United States

$5,600,000

$226/SF

Building Size

24,727 SF

Asset Type

Industrial

Closing

Jul 20, 2022

AI

The industrial property located at 3042 Southcross Blvd in Rock Hill, SC has been sold in a closed transaction. The sale was facilitated by brokers Matt Smith, Grayson Hawkins, Anne Johnson, Patrick Gildea, and Bryan Crutcher from CBRE. The property spans 24,727 square feet and was sold for a total price of $5,600,000, resulting in a price per square foot of $226.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,600,000
  • Address: 3042 Southcross Blvd, Rock Hill, SC
  • Market: Rock Hill, SC
  • Buyer: Brick O. Real Estate
  • Seller: CIP Real Estate
  • Brokers: Matt Smith, Grayson Hawkins, Anne Johnson, Patrick Gildea, and Bryan Crutcher - CBRE

The successful sale of this industrial property reflects the effectiveness of the collaboration between the buyer, Brick O. Real Estate, and the seller, CIP Real Estate. The involvement of brokers Matt Smith, Grayson Hawkins, Anne Johnson, Patrick Gildea, and Bryan Crutcher from CBRE further facilitated the transaction, ensuring a smooth and efficient process for all parties involved.

Players

Patrick Gildea

CBRE

Broker

$479.1M

vol

17 deals

Broker
RW Real Estate
RW Real EstateBuyer

Rock Hill 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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93