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Equus Sells NC Logistics Center for $33M
Equus Capital Partners, Ltd. has announced the sale by one of its affiliates of Carolina 85 Logistics Center. The spec-built 300,468-square-foot warehouse and distribution facility in Kings Mountain, NC.. was sold to an affiliate of Stoltz Real Estate Partners for $32.9 million. It was 100 percent leased to two tenants at the time of the sale.
Frank Fallon, Jose LoBon Trey Barry and Mike Hines of CBRE National Partners represented Equus in the sale. Matt Treble, Fermin Montes de Oca, and Patrick McGrath of Cushman and Wakefield represented Equus in leasing the building.
Carolina 85 Logistics Center sits on 23.7 acres at 330 Woodlake Parkway in Kings Mountain, NC. It was completed in May 2022 and features 32’ clear height, 40 dock doors, 55 trailer parking spaces, and many energy efficient features including a heat load-reducing TPO white membrane roof, and LED high-bay lighting.
- ◦Sale/Acquisition