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Piedmont Capital Acquires Retail Property On Ashley Rd In Charlotte, NC For $7.9M

Property Image
SOLD
$7,900,000
Thomas Kolarczyk
Ryan Eklund
Bill Moylan

North Carolina

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Retail52,104 SF
Sold 06/07/2022
the dealplayerscompscontact
Property Image
SOLD

Piedmont Capital Acquires Retail Property On Ashley Rd In Charlotte, NC For $7.9M

1610 Ashley Road, Charlotte, North Carolina 28208, United States

See Similar Deals
Retail52,104 SF
Sold 06/07/2022
Thomas Kolarczyk
Ryan Eklund
Bill Moylan
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$151
Total Square Footage:52,104 SF
Transaction Type:Sale

The retail property located at 1610 Ashley Rd in Charlotte, NC has been sold in a recent transaction. The property spans a total area of 52,104 square feet and was sold for a price of $7,900,000. This translates to a price per square foot of $152. The sale was facilitated by brokers Thomas Kolarczyk, Bill Moylan, and Ryan Eklund from JLL.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,900,000
  • Square Footage: 52,104
  • Price per Square Foot: $152
  • Address: 1610 Ashley Rd, Charlotte, NC
  • Market: Charlotte, NC

Piedmont Capital served as the buyer in this transaction, while Rosen Charlotte LLC acted as the seller. The deal was successfully closed with the assistance of Thomas Kolarczyk, Bill Moylan, and Ryan Eklund from JLL.

Players

Bill Moylan
JLL
Bill Moylan
3 deals$312.3M volume
BROKER
Thomas Kolarczyk
JLL
Thomas Kolarczyk
10 deals$292.9M volume
BROKER
Ryan Eklund
JLL
Ryan Eklund
1 deal$7.9M volume
BROKER
Piedmont Capital
Piedmont Capital
BUYER

Details

SOLD
IMAGE: Thomas Kolarczyk, Bill Moylan & Ryan Eklund DATE: 06/07/2022 ADDRESS: 1610 Ashley Rd MARKET: Charlotte, NC ASSET TYPE: Retail BUYER: Piedmont Capital SELLER: Rosen Charlotte LLC BROKERS: Thomas Kolarczyk, Bill Moylan & Ryan Eklund - JLL SALE PRICE: $7,900,000 SF: 52,104 ~ PPSF: $152

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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