Updated Oct 28, 2024
Finmarc Management Acquires Retail Property On Plantation Center Dr In Raleigh For $58M
Plantation Center Drive, Raleigh, North Carolina 27616, United States
$58,000,000
$151/SF
Building Size
383,000 SF
Asset Type
Retail
Closing
Dec 12, 2021
About this deal
AI
The retail property located at 6250 Plantation Center Dr in Raleigh, NC has been sold. The property spans 53 acres and has a total area of 383,000 square feet. The sale price for the property was $58,000,000, resulting in a price per square foot of $151. The transaction took place on 12/13/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $58,000,000
- Address: 6250 Plantation Center Dr, Raleigh, NC
- Market: Raleigh, NC
- Acres: 53
The buyer of the property is Finmarc Management, Inc. represented by Neil Markus. The seller's representatives in the transaction were Bill Kent, Mike Burkard, and Ryan Sciullo from CBRE.
On the Map
$58,000,000
$151/SF
Retail
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Players
Raleigh 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93