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Alliance Residential Company Acquires 20.4 Acre Multifamily Site In Huntersville From American Asset Corp For $8M
SOLD
$8,000,000
North Carolina
See Similar DealsMultiFamily
Sold 03/18/2026
SOLD
Alliance Residential Company Acquires 20.4 Acre Multifamily Site In Huntersville From American Asset Corp For $8M
12420 Hambright Road
See Similar DealsMultiFamily
Sold 03/18/2026
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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