Updated Mar 5, 2025
One Alliance Cos Leases Mixed-Use Space At Johnsbury Square In Cornelius North Carolina
19901 West Catawba Avenue & 19905 West Catawba Avenue
Building Size
32,936 SF
Asset Type
Mixed-use
Closing
Feb 26, 2025
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 19901-19905 West Catawba Avenue in Cornelius, NC, featuring a total square footage of 32,936. The transaction represents a significant lease activity in the area.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Market: Cornelius, NC
- Tenant: One Alliance Cos
- Broker: Kasandra Brew Blum - One Alliance Cos
One Alliance Cos. has fully leased Johnsbury Square, completing this significant leasing effort after RE/Max Executive secured the last remaining office suite in the property.
Players
Cornelius Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93