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708 Glamorgan Way, Charlott...

Updated Oct 28, 2024

Ascenda Capital Acquires Multifamily Property In Charlotte, N.C For $38.1M
SOLDMultiFamily

Ascenda Capital Acquires Multifamily Property In Charlotte, N.C For $38.1M

708 Glamorgan Way, Charlotte, North Carolina, United States

$38,100,000

Units

168

Asset Type

MultiFamily

Closing

Nov 2, 2022

About this deal

AI

708 Glamorgan Way, located in Charlotte, N.C., has been sold in a recent multifamily property transaction. The asset, consisting of 168 units, was sold to Ascenda Capital for a total of $38,100,000, equating to a price per unit of $226,786. The property is part of Windsor Apartment Villas & Homes LLC and TSH Aviation LLC's portfolio.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $38,100,000
  • Address: 708 Glamorgan Way
  • Market: Charlotte, N.C
  • Buyer: Ascenda Capital
  • Seller: Windsor Apartment Villas & Homes LLC, TSH Aviation LLC
  • Broker: Capstone Apartment Partners
  • Units: 168
  • Price per Unit: $226,786

Capstone Apartment Partners acted as the broker in this transaction, representing both the buyer, Ascenda Capital, and the seller, Windsor Apartment Villas & Homes LLC and TSH Aviation LLC. This deal showcases the expertise of Capstone Apartment Partners in facilitating successful multifamily property transactions.

On the Map

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$38,100,000

MultiFamily

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Players

AC
Ascenda CapitalBuyer

Charlotte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $226.8K per unit across 168 units on a published $38.1M (2022).

Browse North Carolina multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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