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7520 East Independence Boul...

Bamboo Equity Partners Acquires Office Building In Charlotte, NC For $23.5M
SOLDOffice

Bamboo Equity Partners Acquires Office Building In Charlotte, NC For $23.5M

7520 East Independence Boulevard, Charlotte, North Carolina 28212, United States

$23,500,000

$112/SF

Building Size

208,986 SF

Asset Type

Office

Closing

Jun 30, 2022

AI

Located at 7520 E Independence Blvd in Charlotte, NC, this office property was recently sold in a transaction. The property spans a total area of 208,986 square feet and was sold for a price of $23,500,000, resulting in a price per square foot of $112.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $23,500,000
  • Square Footage: 208,986
  • Price Per Square Foot: $112
  • Address: 7520 E Independence Blvd, Charlotte, NC
  • Market: Charlotte, NC

The buyer of the property is Bamboo Equity Partners, while the seller is Nova Capital Partners. The sale was facilitated by the brokers Matt Smith, Patrick Gildea, Grayson Hawkins, and Robert Hardaway from CBRE.

Players

Patrick Gildea

CBRE

Broker

$479.1M

vol

17 deals

Broker
BP
Bamboo Equity PartnersBuyer

Charlotte 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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93