Updated Oct 28, 2024
Treeline Acquires Victory Crossing Industrial Property In Gaffney, SC For $30M
Gaffney, South Carolina, United States
$30,000,000
$1,000/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Nov 1, 2022
About this deal
AI
The industrial property located at Victory Crossing in Gaffney, SC has been sold. The property spans 36 acres and was acquired by Treeline from the seller, Hart Consumer Products, Inc. The transaction took place on 11/02/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $30,000,000
- Square Footage: 30,000
- Price per Square Foot: $1,000
- Address: Victory Crossing
- Market: Gaffney, SC
Treeline, represented by their broker, completed the purchase of the industrial property. The deal signifies the involvement of key individuals and companies, revealing the buyer and seller in the transaction.
Players
Gaffney 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93