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SunCap Property Group Acquires 1.64-Acre Development Site In Dilworth, Charlotte For $13.75M
SOLD
$13,750,000
North Carolina
See Similar DealsDevelopment Site
Sold 07/11/2023
SOLD
SunCap Property Group Acquires 1.64-Acre Development Site In Dilworth, Charlotte For $13.75M
Charleston, North Carolina
See Similar DealsDevelopment Site
Sold 07/11/2023
Summary
NORTH CAROLINA
Asset Type:Development Site
Transaction Type:Sale
SunCap Property Group has completed its acquisition of a 1.64-acre development site located at East Blvd & Scott Ave in Dilworth, Charlotte. The property was sold for a total of $13.75 million.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $13,750,000
- Market: Charleston, NC
- Address: East Blvd & Scott Ave
- Acres: 1.64
The buyer of the property is SunCap Property Group, a respected real estate development company. They have successfully acquired this 1.64-acre development site in Dilworth, Charlotte for $13.75 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,850.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,182.01
Annual Debt Service$782,184.18
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