Updated Dec 20, 2023
Joshua Malekan Represents Seller In $2.6M Retail Property Sale On Greensboro's N. Fayetteville St
1200 North Fayetteville Street, Asheboro, North Carolina 27203, United States
$2,600,000
$57/SF
Building Size
45,000 SF
Asset Type
Retail
Closing
Jan 9, 2022
About this deal
AI
The retail property located at 1200 N. Fayetteville Street in Greensboro, NC has been sold for $2,600,000. The property spans across 45,000 square feet, resulting in a price per square foot of $57. This transaction took place on January 10, 2022, and the deal was facilitated by Jonah Warshaw & Joshua Malekan.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 1200 N. Fayetteville Street
- Market: Greensboro, NC
- Square Footage: 45,000
- Price per Square Foot: $57
The buyer, represented by Jonah Warshaw & Jacob Baruch, and the seller's representative, Joshua Malekan, were instrumental in completing this transaction. Their expertise and negotiation skills ensured a successful deal for both parties involved.
Players
Asheboro 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93