Updated Nov 5, 2026
431 West Franklin Street
431 West Franklin Street
$14,925,000
$419/SF
Building Size
35,600 SF
Asset Type
Mixed-use
Closing
Oct 16, 2026
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 431 West Franklin Street in Chapel Hill, NC. The sale was completed for a total amount of $14,925,000. The property encompasses a total area of 35,600 square feet, resulting in a price per square foot of $419.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,925,000
- Address: 431 West Franklin Street
- Market: Chapel Hill, NC
- Square Footage: 35,600
- Price per Square Foot: $419
- Buyer: Bootpack Investment
- Seller: Vista Property - Hymie Mishan & Saul Sutton
- Seller's Representative: Ryan Gavigan, Woody Flythe, Teddy Hobbs & Tom Kolarczyk - JLL
The transaction involved key individuals representing the seller, who are Ryan Gavigan, Woody Flythe, Teddy Hobbs, and Tom Kolarczyk from JLL. These professionals facilitated the deal on behalf of Vista Property, which was represented by Hymie Mishan and Saul Sutton in the sale to Bootpack Investment.
On the Map
$14,925,000
$419/SF
Mixed-use
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Players
Chapel Hill 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93