Former Walgreens Site In Raleigh, NC Sold For $4.27M - Marcus & Millichap Brokers
1910 Falls Valley Drive
$4,270,271
$309/SF
Building Size
13,813 SF
Asset Type
Retail
Closing
Jul 10, 2023
AI
A former Walgreens location at 1910 Falls Valley Drive in Raleigh, North Carolina, has been sold for $4,270,271. The property spans 13,813 square feet, resulting in a price per square foot of $309.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,270,271
- Address: 1910 Falls Valley Drive, Raleigh, NC
- Market: Raleigh, NC
- Brokers: Andrew Margulies & Harrison Creason - Marcus & Millichap
The deal was facilitated by the brokers Andrew Margulies and Harrison Creason from Marcus & Millichap. They represented the parties involved in the transaction and played a key role in the successful sale.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93