Stream Realty Partners Sells Retail Property In Charlotte, NC For $24M
SOLD
$24,000,000
+ 1
North Carolina
See Similar DealsRetail39,118 SF
Sold 06/10/2022
SOLD
Stream Realty Partners Sells Retail Property In Charlotte, NC For $24M
332 West Bland Street, Charlotte, North Carolina 28203, United States
See Similar DealsRetail39,118 SF
Sold 06/10/2022
+ 1
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$613
Total Square Footage:39,118 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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