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267 S Churton Street, Hillsborough, NC 267 South Churton Street, Hillsborough, NC 27278

Office • Sold
    $12,400,000
Best Use
Office
  • 25,036 sf
  • 2.91 acres
City
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Hillsborough
County
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Orange
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Property Details

  • Best Use
    Office
  • SF
    25,036 sf
  • Acres
    2.91 acres
  • Building Year
    2012
  • Zoning
    GC General Commercial

Listing Details

  • List Price
    $12,400,000
  • Analysis

    Sale Price $12,400,000 ÷ 25,036 SF GBA = $495.29 per SF of GBA
    NOI $732,260 ÷ $12,400,000 = 5.91% cap rate

  • Address
    267 South Churton Street, Hillsborough, NC 27278
  • City
    Hillsborough
  • County
    Orange
  • Parcel #
    9874-02-3209
  • Listing Agent(s)
  • Status
    Closed
  • Closed Date
    4/28/2014
  • Data Source
    Pickett Sprouse Commercial Real Estate
  • Listing ID
    46821

Notes

Buyer is three entities: CPI Hillsborough I, LLC (10.4% interest); CPI Hillsborough II, LLC (70.13% interest); CPI Hillsborough III, LLC (19.47 interest).

Information deemed reliable but not guaranteed to be accurate. © Pickett Sprouse Commercial Real Estate. All rights reserved.