FC Investments Acquires Retail Property In Charlotte, NC For $16.2M
5850 W Hwy 74
$16,200,000
$158/SF
Building Size
102,360 SF
Asset Type
Retail
Closing
Feb 7, 2023
AI
The retail property located at 5850 W Hwy 74 in Charlotte, NC has been sold for a price of $16,200,000. The property spans over an area of 102,360 square feet, resulting in a price per square foot of $158.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,200,000
- Address: 5850 W Hwy 74, Charlotte, NC
- Market: Charlotte, NC
- Buyer: FC Investments
- Seller: KPR Centers - Daniel Katz, Daniel Kaufthal & Eric Fink
- Brokers: Daniel Baruch & Jacob Baruch - Legacy Realty Group Advisors
- Square Footage: 102,360
- Price per Square Foot: $158
The buyer, FC Investments, has acquired the property from the seller, KPR Centers. The transaction was facilitated by the brokers, Daniel Baruch and Jacob Baruch from Legacy Realty Group Advisors.
Players
Market 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93