Daily limit: 0/10
Marcus & Millichap Brokers Sale Of Fully Leased Retail Strip In Charlotte For $4.2M
SOLD
$4,200,000
North Carolina
See Similar DealsRetail8,008 SF
Sold 07/02/2025
SOLD
Marcus & Millichap Brokers Sale Of Fully Leased Retail Strip In Charlotte For $4.2M
12194 Johnston Road
See Similar DealsRetail8,008 SF
Sold 07/02/2025
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$524
Total Square Footage:8,008 SF
Transaction Type:Sale
The asset involved in the transaction is a retail property located at 12194 Johnston Road, Charlotte, NC. This retail strip, known as the Shoppes at Toringdon, encompasses a total area of 8,008 square feet and was sold for $4,200,000, which translates to a price per square foot of $524.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Square Footage: 8,008
- Price per Square Foot: $524
- Address: 12194 Johnston Road
- Market: Charlotte, NC
The transaction was represented by brokers David E. Gant and Lori Schneider from Marcus & Millichap. The property was fully leased to tenants including T-Mobile, MyEyeDr., and Trek Bicycle, highlighting its operational status at the time of sale.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
Is there something missing? Send suggestions