Conyers Investor Acquires Tractor Supply Property In Castle Hayne For $6.98M With Calvin Short As Seller's Rep

The asset involved in this transaction is a retail property located at 3400 Castle Hayne Road in Castle Hayne, NC. The property spans 11.5 acres and has a square footage of 21,930. The sale was completed for a price of $6,980,000, resulting in a price per square foot of $318.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,980,000
• Square Footage: 21,930
• Acres: 11.5
• Address: 3400 Castle Hayne Road
• Market: Castle Hayne, NC
• Buyer's Representative: Pierce Mayson - Matthews
• Seller's Representative: Calvin Short - SRS Real Estate Partners

The sale involved a 14-year corporate-guaranteed lease for the property. The seller was a developer based in Pinehurst, NC, while the buyer was a private investor from Conyers, GA, who acquired the asset through a 1031 exchange.