A property that sold for $27.75 million tops the list of the most expensive commercial real estate sales in Raleigh in the past week.
In total, six commercial property sales were recorded in the area during the past week, with an average price of $5.92 million. The average price per square foot was $242.
The prices in the list below include commercial real estate sales where the title was recorded during the week of April 20 even if the property sold earlier.
1. $27.75 million, commercial property at 421 South Salisbury Street
The sale of the commercial property at 421 South Salisbury Street in Raleigh has been finalized.
The price was $27,754,500. The building was constructed in 1981 and has an area of 249,480 square feet. The price per square foot ended up at $111. Dwntwn Raleigh Hotel LLC took over the property. The deal was finalized on March 27.
2. $3 million, commercial property at 320 Gideon Creek Way
The commercial property at 320 Gideon Creek Way in Raleigh has new owners.
The price was $3,000,000. The building was raised in 2004 and has an area of 8,664 square feet. The price per square foot ended up at $346. SG Mortgage Finance Corp. acquired the property. The transaction was completed on April 6.
3. $2.2 million, office building at 4904 Professional Court
A 10,100-square-foot office property at 4904 Professional Court in Raleigh has been sold.
The total purchase price was $2,200,000, $218 per square foot. The building dates to 1974. 4904 Professional Court LLC bought the office building. The deal was closed on April 2.
4. $925,000, commercial property at 7700 Falls of Neuse Road, Suite 190
A 3,117-square-foot commercial property at 7700 Falls of Neuse Road, Suite 190 in Raleigh has been sold.
The total purchase price was $925,000, $297 per square foot. The building dates to 2001. Cahec Building Corporation took over the property. The deal was closed on April 7.
5. $825,000, office building at 7718 Six Forks Road
A sale has been finalized for the office property at 7718 Six Forks Road in Raleigh.
The price was $825,000. The building was raised in 1998 and the area totals 8,162 square feet. The price per square foot ended up at $101. Struble Office Limited Partnership bought the office building. The transaction was completed on April 1.
6. $812,000, office building at 7920 Acc Boulevard, Suite 120
A 2,116-square-foot office property at 7920 Acc Boulevard, Suite 120 in Raleigh has been sold.
The total purchase price was $812,000, $384 per square foot. The building was constructed in 2006. ACC BLVD LLC acquired the office building from Community-Resource-Management LLC. The deal was finalized on March 31.