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
Matthews MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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