Graham Capital sells Charlotte warehouse to user for $10 million
CHARLOTTE, NC, June 3, 2024 – Birmingham-based Graham Capital announced today that it has sold 419 York Southern Rd. for $10.0 million, the fourth property sale from its Fund I portfolio. The purchaser is an Italian company, which will use the 102,000 SF facility for manufacturing and distribution of air compressors.
The buyer approached Graham Capital with a purchase offer in late March with the desire to close as quickly as possible to accommodate a new business account requirement. After a short due diligence and closing period, the sale was executed on April 26, generating an attractive return for Fund I investors.
Graham Capital is a real estate investment company based in Birmingham, Alabama, focused on the acquisition and development of highly functional distribution centers in high-growth Southeastern industrial markets, which continue to experience above-market rent growth, high barriers to entry, and the deepest demand among institutional investors.