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1700 Chambers Drive, Matthe...

CBRE Facilitates $173.5M Multifamily Sale In Matthews & Charlotte, NC
SOLDMultiFamily

CBRE Facilitates $173.5M Multifamily Sale In Matthews & Charlotte, NC

1700 Chambers Drive, Matthews, North Carolina 28105, United States

$173,500,000

Building Size

Asset Type

MultiFamily

Closing

Aug 4, 2022

AI

Three multifamily properties in Matthews and Charlotte, NC have been sold in a recent transaction. The properties at 1700 Chambers Dr, 2100 Woodway Hills Dr, and 6219 Waterford Hills Dr were part of the sale.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $173,500,000
  • Market: Matthews & Charlotte, NC

The seller of these properties was the Solomon Organization, represented by Zach Solomon. The sale was facilitated by CBRE brokers Kevin Kempf, Howard Jenkins, Drew Harney, and William Yowell.

Players

Kevin Kempf

CBRE

Broker

$241.8M

vol

3 deals

Broker

Zach Solomon

Seller

$249.5M

vol

2 deals

Seller

Matthews 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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93