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Perimeter Station Dr, Charl...

American Landmark Acquires 449-Unit Multifamily In Charlotte, N.C. From Hercules Living For $103.1M
SOLDMultiFamily

American Landmark Acquires 449-Unit Multifamily In Charlotte, N.C. From Hercules Living For $103.1M

Perimeter Station Dr, Charlotte, NC, USA

$103,100,000

$72,452/SF

Building Size

1,423 SF

Asset Type

MultiFamily

Closing

Nov 9, 2021

AI

The multifamily property located at 10051 Perimeter Station Dr in Charlotte, N.C. has been sold in a closed transaction. The property, marketed by Christine DeFilippis, features 449 units and was sold for a price of $103,100,000. This translates to an average price per unit of $229,621. The sale was facilitated by Newmark on behalf of the seller, Hercules Living.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $103,100,000
  • Address: 10051 Perimeter Station Dr, Charlotte, N.C.
  • Market: Charlotte, N.C.
  • Units: 449
  • Price per Unit: $229,621

American Landmark, represented by Christine DeFilippis, acquired the property from Hercules Living. The sale was facilitated by Newmark. This closed transaction showcases the role of various individuals and companies involved in the deal.

Players

Christine DeFilippis

Buyer

$281.1M

vol

6 deals

Buyer
American Landmark Apartments
American Landmark ApartmentsBuyer

Charlotte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93