Updated Oct 28, 2024
Kohan Retail Group Acquires Retail Property In Asheville, NC For $51.76M
3 South Tunnel Road, Asheville, North Carolina 28805, United States
$51,760,000
Building Size
—
Asset Type
Retail
Closing
Aug 29, 2022
About this deal
AI
The retail property located at 3 S Tunnel Rd in Asheville, NC was recently sold. The transaction took place on August 30, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $51,760,000
- Address: 3 S Tunnel Rd, Asheville, NC
- Market: Asheville, NC
The buyer of the property was Kohan Retail Group, while the seller was CBL & Associates Properties Inc.
The retail sale at 3 South Tunnel Road, Asheville, North Carolina 28805, United States in Asheville, North Carolina sold for $51.8M in 2022. 3 South Tunnel Road, Asheville, North Carolina 28805, United States is classified as Retail on Traded. This page is the Asheville, North Carolina file for the 3 South Tunnel Road, Asheville, North Carolina 28805, United States retail sold: pricing, party profiles, and other closed retail comps from the same Asheville sit in the Market section below. Filter that Asheville retail set by closing date to see what else sold near 3 South Tunnel Road, Asheville, North Carolina 28805, United States around 2022. Published consideration for 3 South Tunnel Road, Asheville, North Carolina 28805, United States is $51.8M, dated 2022. Cite this Kohan Retail Group Acquires Retail Property In Asheville, NC For $51.76M sale when underwriting similar retail product around Asheville, North Carolina.
On the Map
$51,760,000
Retail
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Players
Asheville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93