Updated Feb 27, 2026
Alta Peak Capital Acquires Retail Property At 2001 West Morehead Street For $24 Million
2001 West Morehead Street
$24,000,000
$327/SF
Building Size
73,343 SF
Asset Type
Retail
Closing
Feb 26, 2026
About this deal
AI
Alta Peak Capital acquired a retail asset located at 2001 West Morehead Street in Charlotte, NC. The transaction was valued at $24 million, translating to a price per square foot of $327 for the property, which encompasses 73,343 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,000,000
- Sale Date: 02/26/2026
- Buyer: Alta Peak Capital
- Seller: White Point Partners
- Broker: CBRE
This transaction highlights the involvement of Alta Peak Capital as the buyer and White Point Partners as the seller. The deal was facilitated by the brokerage firm CBRE, which played a crucial role in the negotiation and execution of the transaction.
Players
Charlotte 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93