Cooper Horowitz LLC Brokers $116M Sale Of The Osprey At Lake Norman Apartments In Mooresville
134 Village Club Drive, Mooresville, NC 28117
$116,000,000
$202/SF
Building Size
573,000 SF
Asset Type
MultiFamily
Closing
Jan 6, 2022
AI
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
Mooresville 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93