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EQT Exeter Acquires Fully Leased Industrial Park In Fort Mill, SC For $106M
SOLD
$106,000,000
+ 4
South Carolina
See Similar DealsIndustrial2,000,000 SF
Sold
SOLD
EQT Exeter Acquires Fully Leased Industrial Park In Fort Mill, SC For $106M
7149 Logistics Ln
See Similar DealsIndustrial2,000,000 SF
Sold
+ 4
Summary
SOUTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$53
Total Square Footage:2000000 SF
Transaction Type:Sale
The fully leased Stateline 77, a 1 million-square-foot industrial park located at 7149 & 7107 Logistics Ln in Fort Mill, South Carolina, has been sold by Rockefeller Group to EQT Exeter for a total of $106 million.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $106,000,000
- Square Footage: 1,000,000
- Price Per Square Foot: $106
- Address: 7149 & 7107 Logistics Ln, Fort Mill, SC
- Market: Fort Mill, SC
EQT Exeter, represented by Ward Fitzgerald, acquired the industrial park from Daniel Moore of Rockefeller Group. The deal was facilitated by JLL brokers Britton Burdette, Dave Andrews, Josh McCardle, Michael Scarnato, and Pete Pittroff.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,653,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$376,595.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$502,494.08
Annual Debt Service$6,029,928.94
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