Investment Summary

4300 Carolina Ave is a 223,479 square-foot industrial building acquired vacant from International Speedway Corporation on April 1, 2021. At acquisition, the building was 100% vacant. The asset was sold in April of 2022 in a spec-forward transaction at 42% occupancy.

Investment Info

Status: Realized
Sub-Market: Laburnum/Rte 360
Property Type: Industrial
Square-Footage: 223,479
Strategy: Acquisition
Sub-Strategy: Reposition, Renovation, Lease-Up
Entry Date: Apr 01, 2021
Exit Date: Apr 14, 2022
Total Capitalization: $15,800,000
Exit Price: $22,250,000
Lingerfelt Role: Sole-Owner

Location