Updated Dec 20, 2023
Capstone Land Sales Sells 19.1 Acre Development Site In Charlotte, NC For $4.4M
3245 Statesville Av, Charlotte, North Carolina 28206, United States
$4,400,000
Building Size
—
Asset Type
Development Site
Closing
Sep 7, 2022
About this deal
AI
A development site spanning 19.1 acres located at 3245 Statesville Avenue in Charlotte, NC has been sold. The transaction took place on September 8, 2022, with Capstone Land Sales acting as the broker. The sale price for the property was $4,400,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,400,000
- Address: 3245 Statesville Avenue, Charlotte, NC
- Market: Charlotte, NC
- Acres: 19.1
Capstone Land Sales, a reputable agency, facilitated the sale of the development site. No additional information about the deal participants is available at this time.
Players
Charlotte Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93