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700 East Brooklyn Village A...

Updated Mar 18, 2025

Peebles Corp & Conformity Corp Acquires 5.7-Acre Mixed-Use Property In Charlotte, NC For $10.3M
SOLDMixed-use

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

PC
Peebles Corp.Buyer

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

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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