Cooper Horowitz LLC Brokers $116M Sale Of The Osprey At Lake Norman Apartments In Mooresville
SOLD
$116,000,000
North Carolina
See Similar DealsMultiFamily573,000 SF
Sold 01/06/2022
SOLD
Cooper Horowitz LLC Brokers $116M Sale Of The Osprey At Lake Norman Apartments In Mooresville
134 Village Club Drive, Mooresville, NC 28117
See Similar DealsMultiFamily573,000 SF
Sold 01/06/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$202
Total Square Footage:573,000 SF
Transaction Type:Sale
The Osprey at Lake Norman Apartments, located at 134 Village Club Drive in Mooresville, NC, has been sold in a recent transaction. The multifamily property consists of 288 units and spans a total area of 573,000 square feet. Richard Horowitz and David Horowitz of Cooper Horowitz LLC served as the brokers in this deal.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $116,000,000
- Price per Unit: $402,778
- Price per Square Foot: $202
- Market: Mooresville, NC
- Date: 01/06/2022
This transaction involved key individuals, Richard Horowitz and David Horowitz, who represented the buyer and seller respectively. They are affiliated with Cooper Horowitz LLC.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$412,123.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$549,899.18
Annual Debt Service$6,598,790.17
Is there something missing? Send suggestions