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5565 Centerview Drive

Pergament Properties Acquires Office Building From TriGate Capital In Raleigh For $5.7M
SOLDOffice

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

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.

Players

Judson McMillan

York Properties

Broker

$27.1M

vol

2 deals

Broker
TC
TriGate CapitalSeller

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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93