Updated Dec 4, 2024
NorthMarq Facilitates $4.3M Sale Of Shoppes At Brevard Place In Brevard, NC
192 Asheville Highway
$4,300,000
$364/SF
Building Size
11,801 SF
Asset Type
Retail
Closing
Nov 3, 2023
About this deal
AI
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.
On the Map
$4,300,000
$364/SF
Retail
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Brevard Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93