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
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