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8520 Cliff Cameron Drive, C...

B Group Capital Management Acquires Office Property In Charlotte For $38.5M
SOLDOffice

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

Bill Harrison

Cushman & Wakefield

Broker

$214M

vol

7 deals

Broker
BM
B Group Capital ManagementBuyer

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