Northridge Capital Sells Office Building On West Morehead Street In Charlotte For $19.2M With Brokers Jared Londry & Alex Olofson
1435 West Morehead Street Charlotte, North Carolina 28208, USA
$19,200,000
Building Size
—
Asset Type
Office
Closing
May 26, 2023
AI
The office property located at 1435 West Morehead Street in Charlotte, NC has been sold for $19,200,000. The transaction was completed by Northridge Capital, a real estate investment firm. The property is situated in a prime location in the Charlotte market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $19,200,000
- Seller: Northridge Capital
- Brokers: Alex Olofson - Stream Realty Partners, Jared Londry - PointBlank Ventures
Alex Olofson from Stream Realty Partners and Jared Londry from PointBlank Ventures represented the seller in this deal. Together, they successfully facilitated the transaction and ensured a smooth process for all parties involved.
Players
Charlotte Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93