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CAI Investments Spends $30M for Sale-Leaseback of Manufacturing Facility in Statesville
CBRE has brokered the $30.3 million sale-leaseback of Kewaunee Scientific Corporation’s 416,300-square-foot manufacturing facility in the Charlotte submarket of Statesville, NC. CAI Investments acquired the asset.
A CBRE team of Patrick Gildea, Trey Barry, Matt Smith, Grayson Hawkins and John Christenbury represented the seller and lessee, Kewaunee Scientific Corporation, in the transaction.
The property sits on 21.3 acres along Front Street. The 21.3-acre property is fully and long-term leased to Kewaunee Scientific Corporation.
The property is located within three miles of the I-40 and I-77 interchanges and less than an hour commute to Uptown Charlotte, making the building accessible from all areas of the Charlotte region.
“This property is a unique intersection of two of the hottest product types in today’s capital markets, combining an industrial property with an exciting tenant that is a leader in the life sciences space,” said Gildea.
- ◦Sale/Acquisition
