Updated Oct 29, 2024
Zions Bancorp Provides $85M Loan For Retail Property In Raleigh, NC
8181 Brier Creek Parkway Raleigh, North Carolina 27617, USA
$85,000,000
$163/SF
Building Size
519,277 SF
Asset Type
Retail
Closing
May 18, 2023
About this deal
AI
The retail property located at 8181 Brier Creek Parkway in Raleigh, NC has been involved in a recent loan transaction. The property spans a total area of 519,277 square feet.
Summary of transaction details
- Property Type: Retail
- Loan Amount: $85,000,000
- Lender: Zions Bancorp
Zions Bancorp provided a loan of $85,000,000 for the retail property at 8181 Brier Creek Parkway in Raleigh, NC.
The retail loan at 8181 Brier Creek Parkway Raleigh, North Carolina 27617, USA in Raleigh, North Carolina financed for $85M in 2023. The building is 519,277 square feet, implying about 163 per square foot on the published price. This page is the Raleigh, North Carolina file for the 8181 Brier Creek Parkway Raleigh, North Carolina 27617, USA retail financed: pricing, party profiles, and other closed retail comps from the same Raleigh sit in the Market section below. Filter that Raleigh retail set by closing date to see what else financed near 8181 Brier Creek Parkway Raleigh, North Carolina 27617, USA around 2023. Published consideration for 8181 Brier Creek Parkway Raleigh, North Carolina 27617, USA is $85M, dated 2023. Cite this Zions Bancorp Provides $85M Loan For Retail Property In Raleigh, NC loan when underwriting similar retail product around Raleigh, North Carolina.
On the Map
$85,000,000
$163/SF
Retail
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Raleigh Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93