SOLDRetail
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
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.
Players
Asheville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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