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
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