Updated Dec 4, 2024
South Coast Commercial Acquires Retail Property In Concord, NC For $15.2M
8591 Concord Mills Boulevard, Concord, North Carolina 28027, United States
$15,200,000
$333/SF
Building Size
45,569 SF
Asset Type
Retail
Closing
Aug 30, 2022
About this deal
AI
The retail property located at 8591 Concord Mills Boulevard in Concord, NC has been sold for a total price of $15,200,000. The property spans across 45,569 square feet, resulting in a price per square foot of $334.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,200,000
The buyer of the property is South Coast Commercial, LLC, while the seller is PEBB Enterprises, specifically represented by Ian Weiner. The deal was facilitated by Evan Halkias and Margaret Jones from Cushman & Wakefield.
On the Map
$15,200,000
$333/SF
Retail
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Players
Concord 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93