Updated Sep 9, 2024
Matthews Real Estate Investment Services Facilitates $5.1M Retail Sale In Wilmington, NC
7032 Market Street, Wilmington, North Carolina 28411, United States
$5,108,140
Building Size
—
Asset Type
Retail
Closing
Oct 25, 2021
About this deal
AI
The retail property located at 7032 Market St in Wilmington, NC has been sold for a transaction amount of $5,108,140. The sale took place on October 25, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,108,140
- Address: 7032 Market St, Wilmington, NC
- Market: Wilmington, NC
- Brokers: Chris Sands & Chuck Evans - Matthews Real Estate Investment Services
Chris Sands and Chuck Evans from Matthews Real Estate Investment Services represented the parties involved in this retail property sale in Wilmington, NC. They acted as brokers in the transaction.
Players
Wilmington 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93