facebook
Traded Co logo
Submit

Armada Hoffler Properties Sells Retail Property In Durham, NC For $11.4M

Property Image
SOLD
$11,390,000

North Carolina

See Similar Deals
Retail148,663 SF
Sold 07/13/2022
the dealplayerscompscontact
Property Image
SOLD

Armada Hoffler Properties Sells Retail Property In Durham, NC For $11.4M

1510 North Pointe Drive, Durham, North Carolina 27705, United States

See Similar Deals
Retail148,663 SF
Sold 07/13/2022
Contact now

Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$76
Total Square Footage:148,663 SF
Transaction Type:Sale

The retail property located at 1510 North Pointe Dr in Durham, NC has been sold for a total price of $11,390,000. The property spans a total area of 148,663 square feet, resulting in a price per square foot of $77. The transaction was facilitated by Armada Hoffler Properties as the seller. The deal was brokered by Alex Sharrin, Alex Geanakos, and Michael Roberts of JLL.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $11,390,000
  • Square Footage: 148,663
  • Price per Square Foot: $77
  • Address: 1510 North Pointe Dr, Durham, NC
  • Market: Durham, NC
  • Seller: Armada Hoffler Properties
  • Broker: Alex Sharrin, Alex Geanakos & Michael Roberts - JLL

In this transaction, Armada Hoffler Properties acted as the seller, while the buyer's representative was Alex Sharrin, Alex Geanakos, and Michael Roberts from JLL. The sale of the retail property at 1510 North Pointe Dr in Durham, NC for $11,390,000 marks a significant deal in the local market.

Players

Alex Geanakos
13 deals$148.3M volume
BROKER

Alex Sharrin
JLL
36 deals$931.4M volume(305) 913-5545
BROKER

Michael Roberts
JLL
2 deals$23.9M volume
BROKER

SELLER

Details

SOLD
IMAGE: Alex Geanakos & Alex Sharrin DATE: 07/13/2022 ADDRESS: 1510 North Pointe Dr MARKET: Durham, NC ASSET TYPE: Retail SELLER: Armada Hoffler Properties BROKER: Alex Sharrin, Alex Geanakos & Michael Roberts - JLL SALE PRICE: $11,390,000 SF: 148,663 ~ PPSF: $77

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$607,466.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,466.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,994.41
Annual Debt Service$647,932.93