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
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