Updated Dec 19, 2023
Abacus Capital, WDM Family Enterprises, And Big Cypress Capital Sell Commercial Property In Charlotte For $21.8M
10609 Johnston Road, Charlotte, North Carolina 28226, United States
$21,800,000
$185/SF
Building Size
117,405 SF
Asset Type
Commercial
Closing
Jan 4, 2022
About this deal
AI
Located in Charlotte, NC, the commercial property at 10609 Johnston Road has been sold in a recent transaction. Spanning approximately 0.7 acres, this property was acquired for a sale price of $21,800,000.
Summary of transaction details:
- Property Type: Commercial
- Sale Price: $21,800,000
- Square Footage: 117,405
- Price per Square Foot: $185
- Address: 10609 Johnston Road, Charlotte, NC
- Market: Charlotte, NC
The sellers involved in this transaction include Abacus Capital represented by Wes McAdams, WDM Family Enterprises represented by Ryan Downs, and Big Cypress Capital represented by Max Mazzone. These individuals and companies played a crucial role in the successful sale of this commercial property.
Players
Charlotte Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93