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David Hansel Of Lucern Capital Partners Acquires Marathea Plaza Retail Center In Mooresville For $6.3M
SOLD
$6,300,000
North Carolina
See Similar DealsRetail33,600 SF
Sold 03/16/2026
SOLD
David Hansel Of Lucern Capital Partners Acquires Marathea Plaza Retail Center In Mooresville For $6.3M
2785 Charlotte Highway
See Similar DealsRetail33,600 SF
Sold 03/16/2026
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$187
Total Square Footage:33,600 SF
Transaction Type:Sale
A 4.5-acre retail property located at 2785 Charlotte Highway in Mooresville, NC, has been sold. The transaction involved a total sale of $6,300,000 for the 33,600-square-foot Marathea Plaza retail center, resulting in a price per square foot of $188.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $6,300,000
- Asset Size: 33,600 SF
- Address: 2785 Charlotte Highway
- Market: Mooresville, NC
- Price Per Square Foot: $188
- Buyer: David Hansel - Lucern Capital Partners
David Hansel represented Lucern Capital Partners in the acquisition of the Marathea Plaza retail center, effectively facilitating the transaction of this asset in the market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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