Investment Sale Just Closed – Jason Griffith, CCIM, sold a 27,623 SF unanchored Retail Center in Concord, North Carolina, to a long-time client-investor. The 68% leased center sold for $2,300,000, which will yield a 13% CAP based on the current Net Operating Income. As occupancy increases and the property is stabilized, the CAP rate is expected to be even higher. NAI Utah South’s agents represent investor acquisitions throughout the US and Internationally.
