Northpond Partners Acquires Mixed-Use Property In Charlotte, NC For $12.5M
2520 North Brevard Street Charlotte, North Carolina 28205, USA
$12,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 8, 2023
AI
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.
Charlotte 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93