Updated Oct 28, 2024
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
About this deal
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.
On the Map
$24,000,000
Retail
View full map
Players
Durham Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
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