Updated Oct 28, 2024
Blackfin Real Estate Investors Sells Multifamily Property In Charlotte, NC For $78M
1210 Pressley Road, Charlotte, North Carolina 28217, United States
$78,000,000
Units
504
Asset Type
MultiFamily
Closing
Aug 29, 2022
About this deal
AI
The multifamily property located at 1210 Pressley Rd in Charlotte, NC has been sold. The property consists of 504 units and was sold for a total price of $78,000,000. This translates to an average price per unit of $154,762.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $78,000,000
- Units: 504
- Price per Unit: $154,762
The seller of the property was Blackfin Real Estate Investors, represented by Andy Buchanan. The transaction was facilitated by Deaton Investment Real Estate.
The multifamily sale at 1210 Pressley Road, Charlotte, North Carolina 28217, United States in Charlotte, North Carolina sold for $78M in 2022. Reported inventory is 504 units across 504 units. This page is the Charlotte, North Carolina file for the 1210 Pressley Road, Charlotte, North Carolina 28217, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Charlotte sit in the Market section below. Filter that Charlotte multifamily set by closing date to see what else sold near 1210 Pressley Road, Charlotte, North Carolina 28217, United States around 2022. Published consideration for 1210 Pressley Road, Charlotte, North Carolina 28217, United States is $78M, dated 2022. Cite this Blackfin Real Estate Investors Sells Multifamily Property In Charlotte, NC For $78M sale when underwriting similar multifamily product around Charlotte, North Carolina.
On the Map
$78,000,000
MultiFamily
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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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93