Updated Dec 4, 2024
Family Investment Company LLC Taylor Sells 6,026-SF Commercial Building In Cary, NC For $1.8M
214 Hillsboro Street
$1,835,500
$304/SF
Building Size
6,026 SF
Asset Type
Commercial
Closing
Oct 18, 2023
About this deal
AI
The Town of Cary has acquired a 6,026-square-foot commercial space located at 214 Hillsboro Street in Cary, NC. The purchase price for this property was $1,835,500, with a price per square foot of $305. The single-story building, constructed in 1998, sits on a 0.6-acre lot. The transaction involved the sale of the property by Family Investment Company LLC Taylor to the Town of Cary.
Summary of transation details
- Property Type: Commercial
- Transaction Amount: $1,835,500
- Square Footage: 6,026
- Price Per Square Foot: $305
- Address: 214 Hillsboro Street, Cary, NC
- Buyer: Town of Cary
- Seller: Family Investment Company LLC Taylor
This commercial property acquisition was completed by the Town of Cary, demonstrating their interest in expanding and developing their commercial portfolio within the market. The purchase of this 6,026-square-foot building aligns with the town's strategic plans for commercial growth and development in the area.
Players
Manchester Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse Manchester commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.64%
Cash-on-Cash
-2.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93