facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

North Carolina

/

Retail

/

Sale

/

5850 W Hwy 74

FC Investments Acquires Retail Property In Charlotte, NC For $16.2M
SOLDRetail

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

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

Jacob Baruch

Legacy Realty Group Advisors

Broker

$551.8M

vol

39 deals

Broker
Daniel Katz

Daniel Katz

KPR Centers

Seller

$700.1M

vol

9 deals

Seller
KPR Centers
KPR CentersSeller

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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