Updated Mar 18, 2025
Peebles Corp & Conformity Corp Acquires 5.7-Acre Mixed-Use Property In Charlotte, NC For $10.3M
700 East Brooklyn Village Avenue
$10,300,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 1, 2023
About this deal
AI
Peebles Corp and Conformity Corp have acquired a 5.7-acre mixed-use property located at 700 East Brooklyn Village Ave in Charlotte, NC. The purchase price for this parcel, which is the first one for their Brooklyn Village development project, was $10.3 million.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,300,000
- Address: 700 East Brooklyn Village Ave
- Market: Charlotte, NC
- Acres: 5.7
This acquisition marks the initial step for Peebles Corp and Conformity Corp in their Brooklyn Village mixed-use project. The deal, which involved the purchase of the 5.7-acre property, reflects their commitment to developing the project in Charlotte, N.C.
Players
Charlotte Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93