RetailOwned
Oakridge Plaza
2200 Oakridge Rd, Charlotte, NC
- Size
- 118,000 SF
- Year built
- 2004
- Acquired
- 06/30/19
- Basis
- $31.0M
- Fund
- Fund I
- Region
- Southeast
- Manager
- JLL
- Accounting system
- AppFolio
T12 NOI
$1.9M
+0.5% vs prior T12
Occupancy
91.2%
As of Aug 2026 rent roll
NOI / SF
$16.40
Trailing 12 months
Yield on cost
6.24%
T12 NOI / purchase price
DSCR
1.40x
Above 1.20x covenant
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
- Lender
- Truist
- Balance
- $19,500,000
- Rate
- 5.10%
- Structure
- 25-yr amort
- Maturity
- 12/01/26
- Annual debt service
- $1,381,609
- LTV on basis
- 62.9%
T12 income statement
PropLake standard chart of accounts · mapped from AppFolio| Revenue | ||
| 4010Rental Income | $3,040,139 | 12 bronze rows |
| 4020Other Income | $122,994 | 12 bronze rows |
| 4030Vacancy Loss | ($151,440) | 12 bronze rows |
| Total revenue | $3,011,693 | |
| Operating expenses | ||
| 5010Payroll | $215,921 | 12 bronze rows |
| 5020Repairs & Maintenance | $152,039 | 12 bronze rows |
| 5030Utilities | $128,952 | 12 bronze rows |
| 5040Property Taxes | $236,323 | 12 bronze rows |
| 5050Insurance | $85,936 | 12 bronze rows |
| 5060Management Fees | $107,869 | 12 bronze rows |
| 5070Marketing | $43,258 | 12 bronze rows |
| 5080General & Administrative | $106,258 | 12 bronze rows |
| Total operating expenses | $1,076,556 | |
| Net operating income | $1,935,137 | |
| Below NOI | ||
| 6010Interest Expense | $994,500 | 12 bronze rows |
| 6020Capital Expenditures | $86,314 | 12 bronze rows |
| Net cash flow | $854,323 | |