Updated Mar 19, 2026
Alliance Residential Company Acquires 20.4 Acre Multifamily Site In Huntersville From American Asset Corp For $8M
12420 Hambright Road
$8,000,000
Units
358
Asset Type
MultiFamily
Closing
Mar 18, 2026
About this deal
AI
A 20.4-acre site located at 12420 Hambright Road in Huntersville, NC, was involved in this transaction. The asset is designated for multifamily use, specifically earmarked for the development of a garden-style apartment community.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Buyer: Alliance Residential Company
- Seller: American Asset Corp
- Date of Sale: 03/18/2026
The deal signifies a pivotal step for Alliance Residential Company, which aims to develop Broadstone Bryton, comprising 358 units. American Asset Corp acted as the seller in this transaction, facilitating the acquisition of the site for future development.
On the Map
$8,000,000
MultiFamily
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Players
Huntersville 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93