Updated Feb 16, 2024
Eric Trombly Of Black Bear Capital Partners Arranges $3.5M Acquisition Loan For 41,119 SF Retail Property On Alamance Church Road In Greensboro, NC
1050 Alamance Church Road, Greensboro, North Carolina 27406, United States
$3,500,000
$85/SF
Building Size
41,119 SF
Asset Type
Retail
Closing
Feb 24, 2022
About this deal
AI
The property involved in this transaction is a retail property located at 1050 Alamance Church Road in Greensboro, North Carolina. The property spans 41,119 square feet and was acquired through financing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Loan Type: Acquisition
- Loan Terms: The acquisition of the property was financed on a 7-year non-recourse loan with a fixed rate of 3.66% and 4 years of interest only.
The transaction was facilitated by Eric Trombly, representing BlackBearCapitalPartners.
Greensboro Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93