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12400 Toscana Way

Updated Jan 9, 2025

Expedition Capital Advisors Acquires Multifamily Property In Charlotte From Mesirow For $54.7M
SOLDMultiFamily

Expedition Capital Advisors Acquires Multifamily Property In Charlotte From Mesirow For $54.7M

12400 Toscana Way

$54,700,000

Units

216

Asset Type

MultiFamily

Closing

Jan 9, 2025

About this deal

AI

The transaction involved a multifamily property located at 12400 Toscana Way in Charlotte, NC. The sale price of the asset was $54,700,000, which reflects a per unit price of $253,241 for the 216 units offered in the property.

Summary of transaction details:

The transaction was supported by a team of experienced brokers from NorthMarq, highlighting the collaboration between various parties involved. Expedition Capital Advisors (ExCap) acted as the buyer, while Mesirow served as the seller in this closed transaction.

On the Map

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$54,700,000

MultiFamily

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Players

Andrea Howard

NorthMarq

Broker

$1.5B

vol

13 deals

Broker

Charlotte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $253.2K per unit across 216 units on a published $54.7M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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