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.
On the Map
$11,200,000
$149/SF
Industrial
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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