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416 Gallimore Dairy Road, G...

CBRE Represents $20.8M Sale Of Mixed-Use Property In Greensboro, NC
SOLDMixed-use

CBRE Represents $20.8M Sale Of Mixed-Use Property In Greensboro, NC

416 Gallimore Dairy Road, Greensboro, North Carolina 27409, United States

$20,800,000

$90/SF

Building Size

229,184 SF

Asset Type

Mixed-use

Closing

Aug 25, 2022

AI

The mixed-use property located at 416 Gallimore Dairy Rd in Greensboro, NC has recently been sold for a total price of $20,800,000. The property spans across 229,184 square feet, resulting in a price per square foot of $91.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $20,800,000
  • Square Footage: 229,184
  • Price per Square Foot: $91
  • Address: 416 Gallimore Dairy Rd, Greensboro, NC
  • Market: Greensboro, NC

The sale of this property was facilitated by the following brokers from CBRE: Patrick Gildea, Matt Smith, Grayson Hawkins, and Reggie Beeson.

Players

Patrick Gildea

CBRE

Broker

$479.1M

vol

17 deals

Broker

Greensboro Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93