Pulte Homes Acquires Development Site In Charlotte, NC For $3.25M
SOLD
$3,250,000
North Carolina
See Similar DealsDevelopment Site
Sold 05/04/2022
SOLD
Pulte Homes Acquires Development Site In Charlotte, NC For $3.25M
9363 Lawing School Road, Charlotte, North Carolina 28214, United States
See Similar DealsDevelopment Site
Sold 05/04/2022
Summary
NORTH CAROLINA
Asset Type:Development Site
Transaction Type:Sale
A development site spanning 23 acres in Charlotte, NC has been sold for $3,250,000. The property, located at 9363 Lawing School Rd., was acquired by Pulte Homes. The transaction took place on 05/04/2022.
Summary of Transaction Details:
- Property Type: Development Site
- Transaction Amount: $3,250,000
- Address: 9363 Lawing School Rd.
- Market: Charlotte, NC
- Buyer: Pulte Homes
- Seller: Northway Homes & Wickenden Partners - Cyrus Mojdehi & Danny Hirschberg
- Broker: Jay Royster - Royster Commercial Real Estate
Cyrus Mojdehi and Danny Hirschberg from Northway Homes & Wickenden Partners represented the seller in the deal, while Jay Royster from Royster Commercial Real Estate acted as the broker.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
Is there something missing? Send suggestions