Updated Mar 18, 2026
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
About this deal
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.
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