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Publix Acquires Weaverville Plaza Retail Center In Weaverville NC For $30.5 Million
SOLD
$30,500,000
North Carolina
See Similar DealsRetail133,965 SF
Sold
SOLD
Publix Acquires Weaverville Plaza Retail Center In Weaverville NC For $30.5 Million
129 Weaver Boulevard
See Similar DealsRetail133,965 SF
Sold
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$227
Total Square Footage:133965 SF
Transaction Type:Sale
129 Weaver Boulevard is a retail property located in Weaverville, NC, and was sold for $30,500,000. The asset comprises a total of 133,965 square feet, equating to a price per square foot of $228. This property was previously traded in 2020 for $23.5 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,500,000
- Address: 129 Weaver Boulevard
- Market: Weaverville, NC
- Square Footage: 133,965
- Price per Square Foot: $228
- Buyer: Publix
- Seller: East Coast Acquisitions
Publix acquired the Weaverville Plaza, which includes a 49,000-square-foot store, in this transaction, facilitating a significant addition to its retail presence in the region. East Coast Acquisitions represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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