Updated Oct 29, 2024
TriGate Capital Sells Raleigh Office For $17.25M
900 Ridgefield Drive, Raleigh, North Carolina 27609, United States
$17,250,000
$239,583/SF
Building Size
72 SF
Asset Type
Office
Closing
Nov 29, 2022
About this deal
AI
The office property located at 900 Ridgefield Drive in Raleigh, N.C has been sold for a transaction amount of $17,250,000. The property spans across 72,218 square feet and was sold at an average price of $239 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $17,250,000
- Square Footage: 72,218
- Price Per Square Foot: $239
- Market: Raleigh, N.C
The sale was facilitated by TriGate Capital, acting as the seller's representative in the transaction.
The office sale at 900 Ridgefield Drive, Raleigh, North Carolina 27609, United States in Raleigh, North Carolina sold for $17.3M in 2022. The building is 72 square feet, implying about 239.6K per square foot on the published price. This page is the Raleigh, North Carolina file for the 900 Ridgefield Drive, Raleigh, North Carolina 27609, United States office sold: pricing, party profiles, and other closed office comps from the same Raleigh sit in the Market section below. Filter that Raleigh office set by closing date to see what else sold near 900 Ridgefield Drive, Raleigh, North Carolina 27609, United States around 2022. Published consideration for 900 Ridgefield Drive, Raleigh, North Carolina 27609, United States is $17.3M, dated 2022. Cite this TriGate Capital Sells Raleigh Office For $17.25M sale when underwriting similar office product around Raleigh, North Carolina.
On the Map
$17,250,000
$239,583/SF
Office
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Raleigh 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93