Clear Path Asset Management Acquires Mixed-Use Buildings In Monroe, NC For $10.5M

Clear Path Asset Management, based in Durham, North Carolina, has acquired four buildings within the Park at Monroe mixed-use development in Monroe, North Carolina, for $10.5 million. The transaction was completed at an approximate rate of $194.44 per square foot. The property, located at 2000 Wellness Boulevard, spans a total area of 54,000 square feet.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $10,500,000
• Address: 2000 Wellness Boulevard, Monroe, NC
• Market: Monroe, NC
• Buyer: Dan Magid - Clear Path Asset Management
• Seller: Carl S. Armato - Novant Health
• SF: 54,000
• PPSF: $194

Dan Magid, representing Clear Path Asset Management, successfully negotiated the acquisition. Carl S. Armato, representing Novant Health, acted as the seller in the transaction.