Updated Dec 4, 2024
4000 Brr Properties LLC Acquires 17,764 SF Office Building In Raleigh, NC For $2.4M
4000 Blue Ridge Road
$2,400,000
$135/SF
Building Size
17,764 SF
Asset Type
Office
Closing
Sep 29, 2023
About this deal
AI
On September 29, 2023, 4000 Brr Properties LLC acquired a 1.5-acre commercial property located at 4000 Blue Ridge Road in Raleigh, NC. The property is an office space spanning 17,764 square feet and was constructed in 1984. The sale price for this transaction was $2.4 million, resulting in a price per square foot of $135. The seller, Pete Edwards and Martha Edwards, represented V Seagroves Family Trust.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,400,000
- Address: 4000 Blue Ridge Road
- Market: Raleigh, NC
- Acres: 1.5
4000 Brr Properties LLC, represented by their buyer, completed the purchase of the commercial property at 4000 Blue Ridge Rd. This transaction involved the acquisition of a 17,764-square-foot office space at a cost of $2.4 million. The property was sold by V Seagroves Family Trust, with Pete Edwards and Martha Edwards acting as their representatives.
Players
Raleigh 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93