Beach Real Estate Funds, LLC Acquires Multifamily Property In Charlotte, NC For $39M
9924 Oakbrook Drive, Charlotte, North Carolina 28226, United States
$39,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 12, 2022
AI
A multifamily property located at 9924 Oakbrook Dr in Charlotte, NC has been sold for a total price of $39,000,000. The property consists of 162 units, with an average price per unit of $240,741.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $39,000,000
- Address: 9924 Oakbrook Dr, Charlotte, NC
- Market: Charlotte, NC
- Units: 162
- Price Per Unit: $240,741
The buyer of the property is Darby Parker and Niko LeVigne, representing Beach Real Estate Funds, LLC. The seller of the property is Kevin Kempf, Howard Jenkins, Drew Harney, William Yowell, and Emma Sidman, represented by CBRE.
Players
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93