Updated May 12, 2025
Pergament Properties Acquires Office Building From TriGate Capital In Raleigh For $5.7M
5565 Centerview Drive
$5,700,000
$75/SF
Building Size
75,276 SF
Asset Type
Office
Closing
Apr 24, 2025
About this deal
AI
A 75,276-square-foot office building located at 5565 Centerview Drive in Raleigh, NC was sold for $5.7 million. This transaction reflects a price per square foot of $76, and marks a significant difference compared to the amount paid by the seller in 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,700,000
- Address: 5565 Centerview Drive
- Market: Raleigh, NC
- Asset Size: 75,276 SF
- Price Per Square Foot: $76
- Buyer: Pergament Properties
- Seller: TriGate Capital
- Broker: Judson McMillan - York Properties
Pergament Properties acquired the property from TriGate Capital, with Judson McMillan of York Properties representing the seller in this transaction. The deal was finalized on April 24, 2025.
On the Map
$5,700,000
$75/SF
Office
View full map
Players
Raleigh Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Judson McMillan to view all their deals.
Browse Raleigh office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93