Updated Sep 9, 2024
Legacy Realty Group Advisors Brokers $7.1M Sale Of Northeast Plaza In Lumberton, NC
6677 North Carolina Highway 41 Lumberton, North Carolina 28358, USA
$7,100,000
$131/SF
Building Size
53,867 SF
Asset Type
Retail
Closing
Aug 8, 2023
About this deal
AI
Legacy Realty Group Advisors has successfully brokered the sale of Northeast Plaza, a 53,867-square-foot shopping center located at 6677 NC-41 in Lumberton, NC. The property was sold for $7.1 million, resulting in a price per square foot of $132.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 6677 NC-41, Lumberton, NC
- Market: Lumberton, NC
- Brokers: Lisa Schaefer - Legacy Realty Group Advisors
- Square Footage: 53,867 sq ft
- Price Per Square Foot: $132
Lisa Schaefer from Legacy Realty Group Advisors played a pivotal role in facilitating the sale of Northeast Plaza. The successful transaction highlights the expertise and capabilities of Legacy Realty Group Advisors in the retail property market in Lumberton, NC.
Players
Wallace 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93