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4000 Blue Ridge Road

Updated Dec 4, 2024

4000 Brr Properties LLC Acquires 17,764 SF Office Building In Raleigh, NC For $2.4M
SOLDOffice

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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Deal FAQ

About $135 per square foot on a published $2.4M for 17,764 square feet (2023).

Browse Raleigh office sales on Traded.

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

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