SOLDRetail
Cristy Page Of UNC Health Acquires Westgate Shopping Center In Asheville North Carolina
40 Westgate Parkway
Building Size
111,852 SF
Asset Type
Retail
Closing
Jul 14, 2026
AI
UNC Health acquired a retail property comprising 111,852 square feet located at 40 Westgate Parkway in Asheville, North Carolina, from FIRC Group Inc.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Buyer: Cristy Page - UNC Health
- Seller: Antonio Fraga - FIRC Group Inc.
- Brokers: Scott Israel - Colliers; John Spake - Spake Real Estate
Scott Israel from Colliers represented the seller, while John Spake from Spake Real Estate acted as the representative for the buyer in this transaction.
Players
Washington 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93