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2101 Rexford Road Charlotte...

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

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

$31,000,000

$153/SF

Building Size

202,000 SF

Asset Type

Office

Closing

Jun 9, 2023

AI

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

Broker

$479.1M

vol

17 deals

Broker

Charlotte 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

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93