Updated Dec 4, 2024
Pinewild Country Club Of Pinehurst Sold To AEP Pinewild Holding For $20M
4 Glasgow Drive
$20,000,000
Building Size
—
Asset Type
Commercial
Closing
Nov 1, 2023
About this deal
AI
The Pinewild Country Club of Pinehurst, a golf club surrounded by a gated residential community, has been sold in a commercial transaction. The property, located at 4 Glasgow Drive in Pinehurst, NC, was purchased by AEP Pinewild Holding LLC for approximately $20 million.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $20,000,000
- Buyer: Chris Card - AEP Pinewild Holding
AEP Pinewild Holding LLC, represented by Chris Card from AEP Pinewild Holding, acquired the Pinewild Country Club of Pinehurst. This transaction marks a significant investment in the Pinehurst market and showcases the continued attractiveness of commercial properties in the area.
Players
Pinehurst Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93