CityPlat And Good Harbor Commercial Real Estate Purchase Parkwest Office Campus In Cary For $3.1M
15401 Weston Parkway
$3,100,000
Building Size
—
Asset Type
Office
Closing
Apr 16, 2026
AI
The asset involved in this transaction is an office property located at 15401 Weston Parkway in Cary, NC. The sale was concluded at a price of $3,100,000. This transaction highlights a significant decrease from the seller's previous investment in the property, which was acquired for $10.3 million in 2017.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,100,000
- Buyer: CityPlat & Good Harbor Commercial Real Estate
- Seller: Adler Real Estate Partners
- Market: Cary, NC
- Date of Sale: 04/16/2026
CityPlat acted in a joint venture with Good Harbor Commercial Real Estate to execute the purchase of the Parkwest office campus, indicating a collaborative effort in the real estate market. Adler Real Estate Partners was the seller in this transaction, having previously acquired the property in 2017.
Players
Cary Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93