facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

North Carolina

/

Retail

/

Sale

/

Durham, North Carolina, Uni...

Armada Hoffler Sells Retail Property In Durham, NC For $24M
SOLDRetail

Armada Hoffler Sells Retail Property In Durham, NC For $24M

Durham, North Carolina, United States

$24,000,000

Building Size

Asset Type

Retail

Closing

Jul 11, 2022

AI

Armada Hoffler, represented by Lou Haddad, recently closed a retail property transaction in Durham, NC. The property was sold for a total price of $24,000,000. No additional details are available about the property, such as its square footage or address.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $24,000,000

Armada Hoffler, led by Lou Haddad, successfully completed the sale of this retail property in Durham, NC. The transaction marks a significant business deal for both the seller and the buyer, although no details were provided indicating who the buyer is. The involvement of Lou Haddad as the representative of Armada Hoffler highlights the importance of broker representation in such transactions.

Players

AH
Armada HofflerSeller

Durham Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93