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.
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