Harsh Patel, Harshil Patel, Yash Bharodia & Rahul Dakoria Acquire Mixed-Use Property In Greensboro, NC For $1.025M
SOLD
$1,025,000
North Carolina
See Similar DealsMixed-use17,997 SF
Sold 09/28/2023
SOLD
Harsh Patel, Harshil Patel, Yash Bharodia & Rahul Dakoria Acquire Mixed-Use Property In Greensboro, NC For $1.025M
102 South Mendenhall Street
See Similar DealsMixed-use17,997 SF
Sold 09/28/2023
Summary
NORTH CAROLINA
Asset Type:Mixed-use
Price Per Square Foot:$57
Total Square Footage:17,997 SF
Transaction Type:Sale
The mixed-use property located at 102 South Mendenhall Street in Greensboro, NC has been sold for a total of $1,025,000. The property spans a total of 17,997 square feet, resulting in a price per square foot of $57.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,025,000
- Square Footage: 17,997
- Price per Square Foot: $57
- Address: 102 South Mendenhall Street, Greensboro, NC
- Market: Greensboro, NC
The buyers of the property are Harsh Patel, Harshil Patel, Yash Bharodia, and Rahul Dakoria. On the other hand, the seller is Bill Burckley.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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