Dominium Sells 8.83 Acres Of Vacant Land In Charlotte, NC For $3M
SOLD
$3,000,000
North Carolina
See Similar DealsSold 08/26/2022
SOLD
Dominium Sells 8.83 Acres Of Vacant Land In Charlotte, NC For $3M
7800 Creekridge Road, Charlotte, North Carolina 28212, United States
See Similar DealsSold 08/26/2022
Summary
NORTH CAROLINA
Transaction Type:Sale
Located at 7800 Creekridge Road in Charlotte, NC, this vacant land property spans an impressive 8.83 acres. The property was recently sold in a transaction.
Summary of transaction details
- Property Type: Vacant Land
- Transaction Amount: $3,000,000
- Seller: Dominium
- Brokers: Eric Liebich & Ron Corrao - Capstone Land Sales
The transaction for this vacant land property was facilitated by brokers Eric Liebich and Ron Corrao from Capstone Land Sales. They represented the seller, Dominium, in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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