Providence Group Capital Acquires 5.9-Acre Retail Site In Charlotte, NC For $10.9M

Providence Group Capital has expanded its lower South End portfolio with the $10.9 million acquisition of a 5.9-acre retail site adjacent to Kimbrell's Furniture on South Boulevard in Charlotte, NC. The property spans approximately 40,000 square feet and was sold for a price of $273 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $10,900,000
• Address: 4524 South Boulevard, Charlotte, NC
• Market: Charlotte, NC
• Acres: 5.9
• Buyer: James Cole - Providence Group Capital
• Seller: Kimbrell’s Furniture
• Buyer's Representative: Forde Britt - Land Advisors Organization
• Seller's Representative: David Atkins - Atkins Properties
• Square Footage: 40,000
• Price Per Square Foot: $273

Providence Group Capital, represented by Forde Britt of Land Advisors Organization, successfully completed the acquisition of the retail site. The seller, Kimbrell's Furniture, was represented by David Atkins of Atkins Properties. With this purchase, Providence Group Capital strengthens its presence in the lower South End area of Charlotte.