Updated Dec 19, 2023
Magma Equities And Franklin Templeton Acquire Multifamily Property In Charlotte, NC For $79.3M
6316 Cameron Forest Lane, Charlotte, North Carolina 28210, United States
$79,250,000
Units
309
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
The multifamily property located at 6316 Cameron Forest Ln in Charlotte, NC has been sold in a recent transaction. The property spans across 35 acres, offering a significant land area for future development.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $79,250,000
- Number of Units: 309
- Price per Unit: $256,472
The buyer for this transaction is Magma Equities represented by Ryan Hall, along with Franklin Templeton represented by Tyler Brown. They have successfully acquired the property for the aforementioned sale price.
Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse North Carolina multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93