SunCap Property Group Acquires 1.64-Acre Development Site In Dilworth, Charlotte For $13.75M
Charleston, North Carolina
$13,750,000
Building Size
—
Asset Type
Development Site
Closing
Jul 11, 2023
AI
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.
Players
Charleston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93