InvenTrust Properties Acquires Carmel Village Shopping Center From Raptor Realty 6 LLC For $19.9M
7510 Pineville Matthews Road
$19,900,000
$368/SF
Building Size
54,000 SF
Asset Type
Retail
Closing
May 6, 2025
AI
The property asset involved in the transaction is the Carmel Village shopping center, located at 7510 Pineville-Matthews Road in Charlotte, NC. This retail asset spans 54,000 square feet and was sold for a price of $19,900,000, resulting in a price per square foot of $369.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,900,000
- Buyer: InvenTrust Properties
- Seller: Raptor Realty 6 LLC
- Sale Date: 05/06/2025
- Market: Charlotte, NC
- Square Footage: 54,000
- Price per Square Foot: $369
InvenTrust Properties acquired the shopping center from Raptor Realty 6 LLC, marking a significant transaction within the retail sector of the Charlotte market. The deal reflects the ongoing investment activity in commercial real estate, particularly in well-situated retail properties.
Players
Charlotte 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93