Updated Nov 28, 2024
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
About this deal
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