Updated Oct 29, 2024
Carter Exchange Fund Management Company Sells Multifamily Property In Concord, NC For $74.7M
50 Poplar Station Cirle Northwest Concord, North Carolina 28027, USA
$74,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 20, 2023
About this deal
AI
An multifamily property located at 50 Poplar Station Cir NW in Concord, NC was recently sold. The property was sold by Carter Exchange Fund Management Company, LLC for a total sale price of $74,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $74,700,000
- Address: 50 Poplar Station Cir NW, Concord, NC
- Market: Concord, NC
The transaction involved the sale of a multifamily property in Concord, NC. The property, located at 50 Poplar Station Cir NW, was sold by Carter Exchange Fund Management Company, LLC for a total sale price of $74,700,000.
Players
Concord MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93