Updated Oct 29, 2024
Live Nation Worldwide Acquires Mixed-Use Property In Raleigh, NC For $7M
2820 Industrial Drive, Raleigh, North Carolina 27609, United States
$7,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 24, 2022
About this deal
AI
The mixed-use property located at 2820 Industrial Dr in Raleigh, NC has been sold for $7,000,000. The sale took place on December 24, 2022. The property is situated in a thriving market, offering a combination of residential, commercial, and retail spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $7,000,000
- Address: 2820 Industrial Dr, Raleigh, NC
- Market: Raleigh, NC
Live Nation Worldwide is the buyer in this transaction. They are a prominent company known for organizing live entertainment events and managing venues worldwide. The purchase of this mixed-use property aligns with their business strategy and expansion plans.
Players
Raleigh Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93