Charlotte · Commercial sale
Shivaa Globe buys 5700 Westpark Dr in Charlotte for $10 million
A hotel at 5700 Westpark Dr, Charlotte sold for $10,000,000 on October 19, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $10,000,000
- Recorded
- October 19, 2026
- Property type
- Hotel
- Building area
- 219,506 sq ft
- Price per sq ft
- $46
- Year built
- 1983
The hotel at 5700 Westpark Dr in Charlotte sold for $10,000,000, according to the Mecklenburg County Assessor. That is 56% below the $22,577,300 market value on record, the Assessor's records show.
The price is shown by transfer tax paid on a special warranty deed recorded October 19, 2026, with the Mecklenburg County Register of Deeds. The recorder's index lists Shivaa Globe INC as the buyer.
The Assessor's records show 219,506 square feet of building area, a 9.3-acre lot and a build year of 1983. The sale works out to $46 per square foot. The last sale before this one on record was $44,000,000 in 2017.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Mecklenburg County?
By our estimate, the seller's two largest charges, not counting prorations, were $20,000 for the excise tax on conveyances (revenue stamps) and $300 for the seller's attorney fee. Who pays what follows Mecklenburg County custom.
How much did the seller net?
By our estimate, the seller netted about $9,919,655. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $9,958,596 at closing. That covers the full price and closing costs.
Source: Mecklenburg County Assessor, parcel sales, document 40785-950. The price is the one indicated by the transfer tax paid; it may not be the actual sale price. Property details: Mecklenburg County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
