Updated Oct 29, 2024
Wake DX Investments LLC Acquires Triad Office Building For $9.2M
445 Dolley Madison Road Greensboro, NC 27410, USA
$9,200,000
$155/SF
Building Size
59,346 SF
Asset Type
Office
Closing
Aug 22, 2023
About this deal
AI
An office building located at 445 Dolley Madison Road in Greensboro, NC has been sold for $9.2 million. The property spans across 59,346 square feet and has been purchased by Wake DX Investments LLC from Macvest DM LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,200,000
- Address: 445 Dolley Madison Road
- Market: Greensboro, NC
Wake DX Investments LLC, a company based in Cary, acquired the Triad office building for $9.2 million. The transaction involved the purchase of a 59,346-square-foot property located at 445 Dolley Madison Road from Macvest DM LLC.
Players
Greensboro Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93