Perkins Fund Purchases Office Property At 10130 Perimeter Parkway Charlotte From Albany Road Real Estate Partners For $16.5M

The property asset involved in this transaction is an office building located at 10130 Perimeter Parkway in Charlotte, NC, comprising 6.5 acres. It was sold for a price of $16,500,000, which translates to $139 per square foot. The building has a total of 118,506 square feet and includes 494 parking spaces. The asset was 74% leased at the time of sale.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,500,000
• Sale Price per Square Foot: $139
• Address: 10130 Perimeter Parkway
• Market: Charlotte, NC
• Acres: 6.5
• Square Footage: 118,506
• Buyer: Perkins Fund
• Seller: Albany Road Real Estate Partners
• Parking Spaces: 494
• Leased Percentage: 74%

In this transaction, Perkins Fund acted as the buyer, while Albany Road Real Estate Partners sold the property. Notably, Albany Road originally purchased the Linville Building for $22.7 million in 2018 before selling it at a decreased price.