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2230 Bandmate Way

Updated Sep 9, 2026

FINANCEDOffice

East West Partners, CBC Real Estate, And Affinius Capital Secure $141M Loan For Raleigh Office Campus

2230 Bandmate Way

$141,000,000

$263/SF

Building Size

535,000 SF

Asset Type

Office

Closing

Sep 8, 2026

About this deal

AI

The property asset involved in the transaction is the Bandwidth headquarters campus located at 2230 Bandmate Way in Raleigh, NC. This office space encompasses 535,000 square feet and is situated on nearly 24 acres. The asset was completed in 2023 and is currently fully leased.

Summary of transaction details:

A venture of East West Partners, CBC Real Estate, and Affinius Capital facilitated this transaction with the floating-rate SASB CMBS loan provided by Cantor Fitzgerald. The campus features office space, a fitness center, a Montessori school, and event space, further enhancing its utility.

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$141,000,000

$263/SF

Office

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Players

Len O'Donnell

Broker

$3.6B

vol

16 deals

Broker
Wells Hill Partners
Wells Hill PartnersBrokerage

Pascal Bandelier

Cantor Fitzgerald

Lender

$141M

vol

1 deal

Lender

Len O'Donnell

Affinius Capital

Landlord

$3.6B

vol

16 deals

Landlord

Raleigh Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $263 per square foot on a published $141M for 535,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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