B Group Capital Management Acquires Office Property In Charlotte For $38.5M
8520 Cliff Cameron Drive, Charlotte, North Carolina 28269, United States
$38,500,000
$147/SF
Building Size
260,260 SF
Asset Type
Office
Closing
Sep 11, 2022
AI
Located at 8520 Cliff Cameron Dr in Charlotte, NC, this office property was recently sold in a transaction that involved B Group Capital Management as the buyer and Stream Realty Partners as the seller. The deal was facilitated by Rob Cochran, Bill Harrison, Nolan Ashton, and Samir Idris from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Office
- Sale Price: $38,500,000
- Square Footage: 260,260
- Price per Square Foot: $148
It is worth noting that this office property in Charlotte, NC was acquired by B Group Capital Management from Stream Realty Partners for a total of $38,500,000. Spanning across an area of 260,260 square feet, the property was sold at a price of $148 per square foot. The sale was facilitated by Rob Cochran, Bill Harrison, Nolan Ashton, and Samir Idris, who are representatives from Cushman & Wakefield.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93