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Alta Peak Capital Acquires Retail Property At 2001 West Morehead Street For $24 Million
SOLD
$24,000,000
North Carolina
See Similar DealsRetail73,343 SF
Sold 02/26/2026
SOLD
Alta Peak Capital Acquires Retail Property At 2001 West Morehead Street For $24 Million
2001 West Morehead Street
See Similar DealsRetail73,343 SF
Sold 02/26/2026
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$327
Total Square Footage:73,343 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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