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214 Hillsboro Street

Updated Dec 4, 2024

Family Investment Company LLC Taylor Sells 6,026-SF Commercial Building In Cary, NC For $1.8M
SOLDCommercial

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

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Deal FAQ

About $304 per square foot on a published $1.8M for 6,026 square feet (2023).

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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

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