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Office Building In Charlotte, North Carolina Sold For $31M With Brokers Patrick Gildea, Matt Smith, And Grayson Hawkins

Property Image
SOLD
$31,000,000
Patrick Gildea
Matt Smith
Grayson Hawkins

North Carolina

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Office202,000 SF
Sold 06/09/2023
the dealplayerscompscontact
Property Image
SOLD

Office Building In Charlotte, North Carolina Sold For $31M With Brokers Patrick Gildea, Matt Smith, And Grayson Hawkins

2101 Rexford Road Charlotte, North Carolina 28211, USA

See Similar Deals
Office202,000 SF
Sold 06/09/2023
Patrick Gildea
Matt Smith
Grayson Hawkins
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:Office
Price Per Square Foot:$153
Total Square Footage:202,000 SF
Transaction Type:Sale

The office building located at 2101 Rexford Road in Charlotte, North Carolina has been sold. The sale took place on June 9, 2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $31,000,000
  • Address: 2101 Rexford Road, Charlotte, North Carolina 28211, USA
  • Square Footage: 202,000
  • Price Per Square Foot: $153.47
  • Brokers: Patrick Gildea, Matt Smith, Grayson Hawkins

This transaction involves the sale of an office building with a total square footage of 202,000. The property is located at 2101 Rexford Road in Charlotte, North Carolina. The sale price for this office building was $31,000,000, resulting in a price per square foot of $153.47. The brokers involved in this deal were Patrick Gildea, Matt Smith, and Grayson Hawkins.

Players

Patrick Gildea
CBRE
Patrick Gildea
17 deals$479.1M volume
BROKER
Matt Smith
CBRE
Matt Smith
16 deals$445.8M volume
BROKER
Grayson Hawkins
CBRE
Grayson Hawkins
10 deals$239.4M volume
BROKER

Details

SOLD
IMAGE: 2023-06-09 ADDRESS: 2101 Rexford Road Charlotte, North Carolina 28211, USA MARKET: ASSET TYPE: Office BUYER: SELLER: BUYER'S REP: SELLER'S REP: BROKERS: Patrick Gildea, Matt Smith, Grayson Hawkins SALE PRICE: 31000000.0 UNITS: ~ PPU: Infinity$ SF: 202000 PPSF: 153.47$ NOTE:

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,653,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79