Updated Oct 29, 2024
Wickenden Partners Acquires 74-Unit Multifamily In Lincolnton For $8.3M
1615 Crossover Drive
$8,300,000
$138/SF
Building Size
60,062 SF
Asset Type
MultiFamily
Closing
Feb 16, 2023
About this deal
AI
The multifamily property located at 1615 Crossover Drive in Lincolnton has been sold. The property consists of 74 units, with a price per unit of $112,162. The total square footage is 60,062, with a price per square foot of $138. The sale price for the property was $8,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,300,000
- Units: 74
- Price Per Unit: $112,162
- Square Footage: 60,062
- Price Per Square Foot: $138
The buyer of the property was Wickenden Partners, while the seller was The Garrison Family Of Lincolnton.
On the Map
$8,300,000
$138/SF
MultiFamily
View full map
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse North Carolina multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93