Axonic Capital Acquires Office Building In Charlotte For $9.25M

Griffin Partners and New York City-based Axonic Capital have completed the sale of the 61,713-square-foot English Oak flex building located at 8848 Red Oak Boulevard in southwest Charlotte's Oak Hill Business Park. The property was sold for a total price of $9.25 million, resulting in a price per square foot of $150.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $9,250,000
• Square Footage: 61,713
• Address: 8848 Red Oak Boulevard
• Market: Charlotte, NC

The buyer of the property was Milton Silver, an affiliate of Axonic Capital. The seller was a partnership between Griffin Partners and Axonic Capital. The sale transaction was facilitated by a team of brokers from CBRE, including Alek Salfia, Grayson Hawkins, Joe Franco, Kris Westmoreland, Matt Smith, Patrick Gildea, and Robert Hardaway.

Note: The sale of the English Oak flex building marks another successful transaction in Charlotte's Oak Hill Business Park, with the property being acquired for $9.25 million.