Aquila Acquires Thompson Place Apartments In Charlotte Multifamily Sale
322 Clarence Street
$8,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 14, 2023
AI
The multifamily property known as Thompson Place Apartments in Charlotte, NC has been sold for $8.35 million. The apartment community, located on the city's west side, was purchased by Aquila Multifamily from Lucern Capital Partners. The property consists of 65 units and the per unit price comes out to $128,462.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $8,350,000
- Address: 322 Clarence Street, Charlotte, NC
- Market: Charlotte, NC
- Buyer: Aquila Multifamily
- Seller: Frank Forte, Mark Callazzo & David Hansel - Lucern Capital Partners
Aquila Multifamily has successfully acquired the Thompson Place Apartments in Charlotte. The sale was made from Lucern Capital Partners for a total of $8.35 million. This multifamily property, located on the west side of the city, offers 65 units at a price of $128,462 per unit.
Players
Clarence 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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93