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192 Asheville Highway

NorthMarq Facilitates $4.3M Sale Of Shoppes At Brevard Place In Brevard, NC
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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

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.

Players

Billy Benedict

NorthMarq

Broker

$10.2M

vol

2 deals

Broker

Brevard Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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