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NorthMarq Facilitates $4.3M Sale Of Shoppes At Brevard Place In Brevard, NC
SOLD
$4,300,000
North Carolina
See Similar DealsRetail11,801 SF
Sold 11/03/2023
SOLD
NorthMarq Facilitates $4.3M Sale Of Shoppes At Brevard Place In Brevard, NC
192 Asheville Highway
See Similar DealsRetail11,801 SF
Sold 11/03/2023
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$364
Total Square Footage:11,801 SF
Transaction Type:Sale
The Shoppes at Brevard Place, a retail property located at 192 Asheville Highway in Brevard, NC, has been sold for $4,300,000. The property spans across 11,801 square feet, resulting in a price per square foot of $364. Billy Benedict from NorthMarq represented the parties involved in the transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 192 Asheville Highway, Brevard, NC
- Market: Brevard, NC
Northmarq's Atlanta office facilitated the sale of Shoppes at Brevard Place. The property is situated approximately 30 miles southwest of Asheville and offers a prime retail location.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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