Updated Oct 28, 2024
Collett Capital Acquires Multifamily Property In Charlotte For $48.5M
222 West Boulevard, Charlotte, North Carolina 28203, United States
$48,500,000
Units
132
Asset Type
MultiFamily
Closing
Oct 27, 2022
About this deal
AI
The multifamily property located at 222 West Blvd in Charlotte, NC has been sold for a transaction amount of $48,500,000. The property consists of 132 units, with an average price per unit of $367,424.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $48,500,000
- Address: 222 West Blvd
- Market: Charlotte, NC
- Buyer: Collett Capital
- Seller: Ascent Real Estate Capital
- Broker: Newmark
- Units: 132
- Price Per Unit: $367,424
The buyer in this transaction is Collett Capital, represented by Newmark. The seller is Ascent Real Estate Capital. This deal marks an important transaction in the multifamily market in Charlotte, NC.
On the Map
$48,500,000
MultiFamily
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Charlotte 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93