Bradford II SPE, LLC Sells Retail Property In Cary, NC For $42.2M
1020 Bradford Plaza Way, Cary, North Carolina 27513, United States
$42,200,000
$536/SF
Building Size
78,628 SF
Asset Type
Retail
Closing
Jul 14, 2022
AI
The retail property located at 1020 Bradford Plaza Way in Cary, NC has been sold. The transaction took place on July 15, 2022. The property was sold for a total price of $42,200,000. The seller in this deal was Bradford II SPE, LLC.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $42,200,000
- Address: 1020 Bradford Plaza Way, Cary, NC
- Market: Cary, NC
This sale represents a significant transaction in the retail market of Cary, NC. The property offers a valuable investment opportunity, given its prime location and potential for future growth. The involvement of Bradford II SPE, LLC as the seller demonstrates their confidence in the property's value and highlights their expertise in the retail sector.
Players
Cary Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93