Updated Oct 17, 2025
Bedrin Organization Acquires Golden Gate Shopping Center In Greensboro For $20.2 Million
2276 Golden Gate Drive
$20,200,000
$133/SF
Building Size
151,000 SF
Asset Type
Retail
Closing
Sep 24, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 2276 Golden Gate Drive in Greensboro, NC. The sale was completed for a price of $20,200,000, and the asset encompasses 151,000 square feet, with a price per square foot of $133.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,200,000
- Buyer: Bedrin Organization
- Seller: Richard Greer & Neal Shalom
- Broker Representatives: Adam Russ, Erin Varol & Will Register - CBRE
- Market: Greensboro, NC
The deal showcases the involvement of prominent representatives from CBRE, who facilitated the transaction. The buyer, Bedrin Organization, plans to enhance the economic potential of the center through strategic capital improvements and targeted leasing efforts, while the seller, Richard Greer & Neal Shalom, successfully completed the sale of this asset.
On the Map
$20,200,000
$133/SF
Retail
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Players
Greensboro 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
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93