An affiliate of Northpond Partners acquired a retail property comprising 40,000 square feet at 11324 North Community House Road in Charlotte, NC. The transaction was completed for a sale price of $17,700,000. The property is situated on 6.6 acres and currently has roughly 10,000 square feet available for lease, reflecting a price per square foot of $442.50.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,700,000
• Square Footage: 40,000
• Location: 11324 North Community House Road, Charlotte, NC
• Price Per Square Foot: $442.50
• Acres: 6.6
• Buyer: Northpond Partners
• Previous Owner: LLC since 2008

The transaction reflects a significant acquisition in the Charlotte market, with Northpond Partners involved as the buyer. The deal was executed with the consideration of the available leasing space, adding potential for future income generation from the property.