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Blaze Capital sells 107-unit Charleston Row Townhomes for $32M
The buyer paid $32 million for the Pineville, North Carolina community, which was 98% occupied at the time of sale.
Blaze Capital Partners has offloaded the Charleston Row Townhomes, a 107-unit townhome community in Pineville, North Carolina, for $32 million, according to ConnectCRE.
ConnectCRE said Blaze Capital Partners, along with Argosy Real Estate Partners, bought the property in July 2022 and the asset was 98% occupied when it changed hands.
The sale involved brokers from Berkadia, with Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte leading the transaction for Blaze Capital Partners, while the buyer was not disclosed.
Charleston Row Townhomes is at 11945 Crooked Stick Place and was built in 1969. ConnectCRE said the community offers two- and three-bedroom units ranging from 1,162 to over 1,700 square feet, with rents between $1,725 and $2,675.