Updated Sep 1, 2026
Kenneth E. Aboussie Jr. Of Stonelake Capital Partners Acquires Industrial Facility In Rock Hill For $11.2M
1786 Overview Drive
$11,200,000
$149/SF
Building Size
74,934 SF
Asset Type
Industrial
Closing
Aug 27, 2026
About this deal
AI
The industrial facility at 1786 Overview Drive spans 74,934 square feet and was sold for $11.2 million. Located in Rock Hill, SC, this property was constructed in 2021 and is part of the Waterford Business Park. The facility has previously been associated with Pallidus’ canceled $443 million semiconductor project.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,200,000
- Buyer: Kenneth E. Aboussie, Jr.
- Buyer's Company: Stonelake Capital Partners
- Seller: William L. Manley
- Seller's Company: Calare Properties
- Square Footage: 74,934
- Price Per Square Foot: $149
- Market: Rock Hill, SC
- Transaction Date: 08/27/2026
Kenneth E. Aboussie, Jr. represented Stonelake Capital Partners in the acquisition. William L. Manley represented Calare Properties in the sale of the property.
Players
Overview 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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93