LBX Investments

Terraces at University Place

TERRACES AT UNIVERSITY PLACE

Status: Active (Acquired on 4/8/19)

 
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TERRACES AT UNIVERSITY PLACE

Terraces at University Place is a Class B, 65,112 square foot neighborhood shopping center located in Charlotte, NC.

Key Attributes:
  • 96%+ occupied
  • Located across the street from University of North Carolina Charlotte’s main campus
  • Well-diversified mix of local and regional retailers


  • Status:
  • Targeted Holding Period: 5 Years
  • Total Required Equity: $4,630,000
  • Annual Avg. Cash-on-Cash Returns to LPs: 9.2%
  • Projected IRR to LPs: 15.0%
  • Target Equity Multiple: 1.79x
  • Status: Active
  •