Shidler Group Sells Mixed-Use Property In Charlotte For $32.7 Million
200 North College Mixed-Use Property
$32,700,000
Units
454,988
Asset Type
Mixed-use
Closing
Jan 13, 2025
AI
The mixed-use property located at 200 North College in Charlotte, NC, encompasses a total area of 454,988 square feet. It was sold for a price of $32,700,000.00, reflecting the market dynamics and asset value in the local real estate sector.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $32,700,000.00
- Seller: Shidler Group
- Date of Sale: 01/13/2025
The transaction was conducted with Shidler Group acting as the seller in this deal. Details regarding the specific representatives or brokers involved in the transaction are not disclosed.
Players
Charlotte Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93