Updated Dec 21, 2023
SRS Real Estate Partners Sells Retail Property In Albemarle, NC For $2.2M
801 North 1st Street, Albemarle, North Carolina 28001, United States
$2,200,000
$42,307/SF
Building Size
52 SF
Asset Type
Retail
Closing
Jan 24, 2023
About this deal
AI
The retail property located at 801-819 N First St in Albemarle, NC has been sold for $2,200,000. The property spans a total of 52,230 square feet, resulting in a price per square foot of $42.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 801-819 N First St, Albemarle, NC
- Market: Albemarle, NC
- Broker: Ed Laycox - SRS Real Estate Partners
- SF: 52,230
- PPSF: $42
Ed Laycox from SRS Real Estate Partners represented the buyer/seller/landlord/tenant in this transaction.
Players
Albemarle Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse North Carolina retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93