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2785 Charlotte Highway

David Hansel Of Lucern Capital Partners Acquires Marathea Plaza Retail Center In Mooresville For $6.3M
SOLDRetail

David Hansel Of Lucern Capital Partners Acquires Marathea Plaza Retail Center In Mooresville For $6.3M

2785 Charlotte Highway

$6,300,000

$187/SF

Building Size

33,600 SF

Asset Type

Retail

Closing

Mar 16, 2026

AI

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.

Players

David Hansel

Lucern Capital Partners

Buyer

$36.2M

vol

5 deals

Buyer

Mooresville 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93