Sold! Northeast Raleigh Office Property

Congratulations to David Divine, SIOR and Director of Investment Sales with APG Advisors, and Daniel Walser, Vice President at APG Capital and manager of the syndication division, for their seller representation in this sale.

“APG Advisors is honored to have represented ownership in the sale of the below office asset for $11,000,000. While similar office properties like Landmark Office Center at 4601 Six Forks Rd., and Somerset Office buildings at 4505/4515 Falls of the Neuse Rd just recently sold for $127 per square foot and $63 per square foot respectively, we were able to achieve a very high value for the seller of $193 per square foot. Thank you to Jim Harris of Trademark Properties for representing the buyer group.” – David Divine

“The office asset class has become incredibly difficult to transact for both sides of the table; given the stringent lending parameters, flatline leasing demand, and overall fear of future performance. These transactions take two talented parties with creative problem-solving mindsets to meet pricing expectations of the seller and investment return thresholds of the buyer. APG Capital is honored to work with the Buyer and thrilled to have consummated a complex transaction in today’s marketplace.” – Daniel Walser