Updated Oct 28, 2024
Lexington Capital Investments Acquires Retail Property In Lexington, NC For $4.35M
75 Plaza Parkway, Lexington, North Carolina 27292, United States
$4,350,000
$872/SF
Building Size
4,988 SF
Asset Type
Retail
Closing
Oct 13, 2022
About this deal
AI
A retail property located at 75 Plaza Parkway in Lexington, NC has been sold in a recent transaction. The property spans 4,988 square feet with a sale price of $4,350,000, resulting in a price per square foot of $872.
Summary of transaction details
- Property Type: Retail
- Sale Price: $4,350,000
- Address: 75 Plaza Parkway, Lexington, NC
- Market: Lexington, NC
- Buyer: Lexington Capital Investments LLC
- Seller: Lexy Partners LLC of Charlotte
- Square Footage: 4,988
- Price Per Square Foot: $872
The buyer of the property is Lexington Capital Investments LLC while the seller is Lexy Partners LLC of Charlotte.
Players
Lexington 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93