Bradford II SPE, LLC Sells Retail Property In Cary, NC For $42.2M
SOLD
$42,200,000
North Carolina
See Similar DealsRetail78,628 SF
Sold 07/15/2022
SOLD
Bradford II SPE, LLC Sells Retail Property In Cary, NC For $42.2M
1020 Bradford Plaza Way, Cary, North Carolina 27513, United States
See Similar DealsRetail78,628 SF
Sold 07/15/2022
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$536
Total Square Footage:78,628 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$149,927.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$200,049.53
Annual Debt Service$2,400,594.35
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