Price: $5.05 million ($123/SF)
Size: 41,000SF
Address: 5505 Creedmoor Rd. Raleigh, NC
Buyer: Asheville, NC based Crosspointe Investments
Seller: Michigan Crosspointe Plaza
Notes: Going in cap of 8.1%; sold for 19% more than Mich.-based seller paid for the three-story building in 1999.
Nice work Jim.
Monday, March 31, 2008
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