Updated Oct 29, 2024
Cameron Street Partners Sells Retail Property In Emerald Isle, N.C For $12M
8700 Emerald Drive, Emerald Isle, North Carolina 28594, United States
$12,000,000
$117,647/SF
Building Size
102 SF
Asset Type
Retail
Closing
Sep 11, 2022
About this deal
AI
The retail property located at 8700 Emerald Drive in Emerald Isle, N.C. was recently sold for $12,000,000. The property spans across 102,539 square feet, resulting in a price per square foot of $117.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Address: 8700 Emerald Drive
- Market: Emerald Isle, N.C
- Seller: Cameron Street Partners
- Buyer's Representative: Charlie Barzola - Eastern Commercial Corp
- Seller's Representative: Tom Kolarczyk - JLL Capital Market
- Square Footage: 102,539
- Price Per Square Foot: $117
Charlie Barzola from Eastern Commercial Corp represented the buyer, while Tom Kolarczyk from JLL Capital Market represented the seller in this transaction.
Players
Emerald Isle 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93