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

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:

• Property Type: MultiFamily
• Transaction Amount: $54,700,000
• Address: 12400 Toscana Way
• Market: Charlotte, NC
• Units: 216
• PPU: $253,241
• Buyer: Expedition Capital Advisors (ExCap)
• Seller: Mesirow
• Brokers: Allan Lynch, Andrea Howard, Austin Jackson, Cabell Thomas, Caylor Mark - NorthMarq
• Mortgage Brokers: Faron Thompson, Jeff Glenn & John Currin - NorthMarq

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.