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Northpond Partners Acquires Mixed-Use Property In Charlotte, NC For $12.5M

Property Image
SOLD
$12,500,000

North Carolina

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MultiFamily
Sold 06/08/2023
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Property Image
SOLD

Northpond Partners Acquires Mixed-Use Property In Charlotte, NC For $12.5M

2520 North Brevard Street Charlotte, North Carolina 28205, USA

See Similar Deals
MultiFamily
Sold 06/08/2023
Contact now

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

A mixed-use property located at 2520 North Brevard Street in Charlotte, NC, has been sold for a price of $12,500,000. The transaction took place on 07/08/2023. The property is a versatile asset that offers both residential and commercial spaces, catering to a variety of needs in the market.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $12,500,000
  • Address: 2520 North Brevard Street, Charlotte, NC
  • Market: Charlotte, NC

The buyer of the property is Northpond Partners, while the seller is White Point Partners. Stream Realty represented the buyer in the transaction, providing expert guidance and representation. On the other hand, Jared Londry from Point Blank Ventures served as the seller's representative, facilitating the deal with professionalism and expertise.

This particular transaction showcases the collaborative efforts of various individuals and companies involved in the real estate industry. Each party played a crucial role in ensuring the successful completion of the deal, contributing their knowledge and expertise to navigate the intricacies of the transaction.

Players

Jared Londry
3 deals$55.7M volume
BROKER

BUYER

Details

SOLD
IMAGE: Jared Londry DATE: 07/08/2023 ADDRESS: 2520 North Brevard Street MARKET: Charlotte, NC ASSET TYPE: Mixed-Use BUYER: Northpond Partners SELLER: White Point Partners BUYER'S REP: Stream Realty SELLER'S REP: Jared Londry - Point Blank Ventures SALE PRICE: $12,500,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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