facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$10,500,000

North Carolina

See Similar Deals
Mixed-use54,000 SF
Sold 11/01/2023
the dealdetailscomps
Property Image
SOLD

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

2000 Wellness Boulevard

See Similar Deals
Mixed-use54,000 SF
Sold 11/01/2023
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:Mixed-use
Price Per Square Foot:$194
Total Square Footage:54,000 SF
Transaction Type:Sale

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.

Players

CM
Clear Path Asset Management
BUYER

Details

SOLD
IMAGE: Dan Magid & Carl S. Armato DATE: 11/01/2023 ADDRESS: 2000 Wellness Boulevard MARKET: Monroe, NC ASSET TYPE: Mixed-use BUYER: Dan Magid - Clear Path Asset Management SELLER: Carl S. Armato - Novant Health SALE PRICE: $10,500,000 SF: 54,000 ~ PPSF: $194 NOTE: 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 at an approximate rate of $194.44 per square foot.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28