Updated Oct 29, 2024
PCF Waynesville LLC Sells Russ Avenue Plaza Shopping Center For $14.8M In Waynesville, NC
1153 Russ Avenue Waynesville, North Carolina 28786, USA
$14,800,000
Building Size
—
Asset Type
Retail
Closing
Jul 3, 2023
About this deal
AI
PCF Waynesville LLC has sold the Russ Avenue Plaza shopping center, located at 1153 Russ Ave. in Waynesville, North Carolina. The property is situated on a 16.74-acre land parcel and features a retail space. The sale price for this transaction was $14,800,000.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $14,800,000
- Address: 1153 Russ Avenue, Waynesville, NC
- Market: Waynesville, NC
- Acres: 16.74
Jessica Johnson, from the agency representing PCF Waynesville LLC, acted as the seller's representative in this transaction.
Players
Waynesville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93