Updated Oct 28, 2024
ALTO Real Estate Funds Acquires Retail Property In Charlotte For $12.2M
8813 JW Clay Boulevard, Charlotte, NC, USA
$12,200,000
$129/SF
Building Size
93,896 SF
Asset Type
Retail
Closing
Nov 16, 2021
About this deal
AI
This retail property in Charlotte, North Carolina was recently sold for approximately $12,200,000. The transaction took place on November 16, 2021, and the property is located at 8813 J.W. Clay Blvd. The total square footage of the asset is 93,896, resulting in a price per square foot of $130.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,200,000 (Approx.)
- Address: 8813 J.W.Clay Blvd, Charlotte, North Carolina
- Market: Charlotte, North Carolina
- Square Footage: 93,896
- Price per Square Foot: $130
The buyer in this transaction is ALTO Real Estate Funds, specifically Mody Kidon and Yaniv Melamud. They represented themselves in the deal.
On the Map
$12,200,000
$129/SF
Retail
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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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93