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
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.
Players
Raleigh Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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