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282 South Sharon Amity Road

Asana Partners Acquires Cotswold Village Retail Property In Charlotte, NC For $110.4M
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Asana Partners Acquires Cotswold Village Retail Property In Charlotte, NC For $110.4M

282 South Sharon Amity Road

$110,400,000

$424/SF

Building Size

260,000 SF

Asset Type

Retail

Closing

Nov 1, 2023

AI

Terry S. Brown and David R. Lukes have completed the sale transaction for the retail property located at 282 South Sharon Amity Road in Charlotte, NC. The property, known as Cotswold Village, spans an area of 21.7 acres.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $110,400,000
  • Address: 282 South Sharon Amity Road
  • Market: Charlotte, NC
  • Asset Type: Retail
  • Acres: 21.7

Terry S. Brown, representing Asana Partners, acquired the Cotswold Village retail property from David R. Lukes, who represented SITE Centers Inc. The sale was finalized at a price of $110.4 million, with a price per square foot of approximately $424.62.

Note: Asana Partners' purchase of Cotswold Village in Charlotte, North Carolina, marks a significant acquisition, valued at $110.4 million and reflecting a price of $424.62 per square foot.

Players

Terry Brown

Asana Partners

Buyer

$169.4M

vol

5 deals

Buyer
David Lukes

David Lukes

SITE Centers

Seller

$1.6B

vol

28 deals

Seller

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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93