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Legacy Realty Group Advisors Represents Buyer In $11.6M Sale Of Centre Pointe Plaza In Smithfield NC

Property Image
SOLD
$11,600,000
Daniel Baruch
Steve Shields

North Carolina

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Retail318,518 SF
Sold 03/18/2025
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Property Image
SOLD

Legacy Realty Group Advisors Represents Buyer In $11.6M Sale Of Centre Pointe Plaza In Smithfield NC

1201 North Brightleaf Boulevard & 1271 North Brightleaf Boulevard

See Similar Deals
Retail318,518 SF
Sold 03/18/2025
Daniel Baruch
Steve Shields
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$36
Total Square Footage:318,518 SF
Transaction Type:Sale

A retail property located at 1201-1271 North Brightleaf Boulevard in Smithfield, NC was sold for $11,600,000. The asset comprises 159,259 square feet and has a price per square foot of $73. The shopping center, built in 1989, is anchored by Belk, with other tenants including Bealls, Dollar Tree, and T-Mobile.

Summary of transaction details:

The sale was facilitated by Legacy Realty Group Advisors, which arranged the transaction involving Centre Pointe Plaza. The deal reflects the involvement of key industry professionals, highlighting the collaboration between the buyer's representative and the seller's representative in managing this retail asset transaction.

Players

Daniel Baruch
Legacy Realty Group Advisors
Daniel Baruch
25 deals$525.8M volume
BROKER
Steve Shields
CBRE
Steve Shields
3 deals$111.2M volume(704) 331-1284
BROKER

Details

SOLD
IMAGE: 03/18/2025 ADDRESS: 1201-1271 North Brightleaf Boulevard MARKET: Smithfield, NC ASSET TYPE: Retail BUYER'S REP: Daniel Baruch - Legacy Realty Group Advisors SELLER'S REP: Steve Shields - CBRE SALE PRICE: $11,600,000 SF: 159,259 ~ PPSF: $73 NOTE: Legacy Realty Group Advisors arranged the $11.6M sale of Centre Pointe Plaza, a 159,259 SF shopping center in Smithfield, NC. The 1989-built property is anchored by Belk, with tenants including Bealls, Dollar Tree, and T-Mobile.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
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