Sonja Hoel Perkins Acquires Fully Occupied Office Property In Charlotte For $15M
2118 Water Ridge Parkway
$15,000,000
$139/SF
Building Size
107,545 SF
Asset Type
Office
Closing
Nov 8, 2023
AI
A fully occupied 107,545-square-foot office property located at 2118 Water Ridge Parkway in Charlotte, NC has been sold by AEW Capital Management to Perkins Fund for $15 million. The sale price per square foot was $139.
Summary of transaction details:
- Property Type: Office
- Seller: Jeff Furber - AEW Capital Management
- Buyer: Sonja Hoel Perkins - Perkins Fund
- Sale Price: $15,000,000
- Square Footage: 107,545
- Price per Square Foot: $139
- Market: Charlotte, NC
AEW Capital Management sold the fully occupied 107,545-square-foot office property located at 2118 Water Ridge Parkway in Charlotte to Perkins Fund for $15 million.
Players
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93