Updated Oct 29, 2024
Falbros Realty & Ramset Realty Acquires Retail Property In Charlotte, NC For $7.2M
7735 N Tryon St Charlotte, NC 28262, USA
$7,207,547
$74/SF
Building Size
97,269 SF
Asset Type
Retail
Closing
Jul 31, 2023
About this deal
AI
The property involved in this transaction is a retail asset located at 7735 N. Tryon Street in Charlotte, NC. The property spans 97,269 square feet and was sold for a price of $7,207,547, resulting in a price per square foot of $74.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,207,547
- Address: 7735 N. Tryon Street, Charlotte, NC
- Square Footage: 97,269
- Price per Square Foot: $74
- Market: Charlotte, NC
The buyer in this transaction is Falbros Realty & Ramset Realty. They were represented by their respective brokers. The attorney handling the deal was Gary Rosen, Esq. of Rosen Law LLC.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93