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15401 Weston Parkway

CityPlat And Good Harbor Commercial Real Estate Purchase Parkwest Office Campus In Cary For $3.1M
SOLDOffice

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

C
CityPlatBuyer
Adler Real Estate Partners
Adler Real Estate PartnersSeller

Cary Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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