Updated Jun 30, 2025
Hanna Imports Acquires Retail Property At 1900 Laura Duncan Road In Apex For $11.06M
1900 Laura Duncan Road
$11,060,000
$363/SF
Building Size
30,442 SF
Asset Type
Retail
Closing
Jun 24, 2025
About this deal
AI
The retail property at 1900 Laura Duncan Road in Apex, NC was sold for $11,060,000. The asset spans 9.44 acres and features two buildings with a total area of 30,442 square feet, translating to a price per square foot of $363.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,060,000
- Buyer: Hanna Imports
- Seller: Crossroads Holdings LLC
- Date of Sale: 06/24/2025
- Location: 1900 Laura Duncan Road, Apex, NC
- Acres: 9.44
- Square Feet: 30,442
- Price Per Square Foot: $363
Hanna Imports, through Hanna SPE LLC, acquired the property previously known as Crossroads Infiniti of Apex, and has since renamed it Hanna Infiniti of Apex following the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93