Stream Realty Partners Sells Retail Property In Charlotte, NC For $24M
332 West Bland Street, Charlotte, North Carolina 28203, United States
$24,000,000
$613/SF
Building Size
39,118 SF
Asset Type
Retail
Closing
Jun 9, 2022
AI
The retail property located at 332 W Bland St in Charlotte, NC has been sold in a closed transaction. The property spans an area of 39,118 square feet and was sold for a total price of $24,000,000, resulting in a price per square foot of $614.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $24,000,000
- Address: 332 W Bland St, Charlotte, NC
- Market: Charlotte, NC
The sale of this retail property was facilitated by brokers Jared Londry, Mack Freudenstein, Alex Olofson, and Parks Brown from Stream Realty Partners.
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93