John Street Market Sold by Berkeley Capital


john street marketBerkeley Capital Advisors has announced the sale of John Street Market, a 13,888 SF retail center located in Matthews (Charlotte MSA), North Carolina. Located in attractive Matthews, NC, a submarket of Charlotte, the center benefits from strong demographics of 56K people within 3 miles and an average household income of $99K. Located 11 miles south of uptown Charlotte.

The center is situated on 1.61 acres and was built in 2008. According to Loopnet, the net operating income is $224,457, and the asking cap rate was 8.5%.

Rob Carter, Alex Quarrier, David Webb, and Rad von Werssowetz represented the seller.

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