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Ellas Properties LLC Acquires Retail Properties In Maysville NC From Glandon Forest Equity LLC For $4.01M
SOLD
$4,011,000
North Carolina
See Similar DealsRetail
Sold 05/18/2025
SOLD
Ellas Properties LLC Acquires Retail Properties In Maysville NC From Glandon Forest Equity LLC For $4.01M
1006 Main Street
See Similar DealsRetail
Sold 05/18/2025
Summary
NORTH CAROLINA
Asset Type:Retail
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 1006 Main Street, Maysville, NC. The sale price of the property was $4,011,000. This asset includes two newly built Dollar General Marketplace locations, one in Maysville and another in Elm City, NC, acquired through a 1031 exchange by the buyer.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,011,000
- Buyer: Ellas Properties, LLC
- Seller: Glandon Forest Equity, LLC
- Brokers: Clark Simpson & Erik Conradi - Cushman & Wakefield
- Date of Sale: 05/18/2025
The deal was facilitated by Cushman & Wakefield, represented by brokers Clark Simpson and Erik Conradi, who coordinated between the buyer and seller for the successful transaction of these retail properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,919.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,250.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,014.19
Annual Debt Service$228,170.24
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