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2826 South Main Street, Hig...

Updated Oct 28, 2024

Coastal Equities Real Estate Acquires 19.4 Acre Retail Property In High Point, NC For $11.75M
SOLDRetail

Coastal Equities Real Estate Acquires 19.4 Acre Retail Property In High Point, NC For $11.75M

2826 South Main Street, High Point, North Carolina 27260, United States

$11,750,000

Building Size

Asset Type

Retail

Closing

Sep 11, 2022

About this deal

AI

The retail property located at 2826 South Main St in High Point, NC has been sold in a transaction. The property spans across approximately 19.4 acres.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $11,750,000

Coastal Equities Real Estate is the buyer in this transaction.

The retail sale at 2826 South Main Street, High Point, North Carolina 27260, United States in High Point, North Carolina sold for $11.8M in 2022. 2826 South Main Street, High Point, North Carolina 27260, United States is classified as Retail on Traded. This page is the High Point, North Carolina file for the 2826 South Main Street, High Point, North Carolina 27260, United States retail sold: pricing, party profiles, and other closed retail comps from the same High Point sit in the Market section below. Filter that High Point retail set by closing date to see what else sold near 2826 South Main Street, High Point, North Carolina 27260, United States around 2022. Published consideration for 2826 South Main Street, High Point, North Carolina 27260, United States is $11.8M, dated 2022. Cite this Coastal Equities Real Estate Acquires 19.4 Acre Retail Property In High Point, NC For $11.75M sale when underwriting similar retail product around High Point, North Carolina.

Players

High Point 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

1.35%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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