CFI Snags $40M SC Office Building
- Mar 02, 2018
Cantor Fitzgerald Investors LLC has acquired the Daimler Building, a Class A office asset in Fort Mill, S.C., for $40 million. The sale was subject to a $21 million loan held by UBS, according to Yardi Matrix. The previous owner, Daimler Trucks North America, has been the sole tenant at the property since 2008 and recently extended its lease for another 10 years through 2028.
Located at 2477 Deerfield Drive, the 150,164-square-foot LEED-certified asset comprises three floors and was constructed in 2008. The property is located in the Charlotte, N.C., metro region and serves as the east coast operational hub for Daimler Trucks North America.
“The Daimler Building presented an excellent opportunity for us to expand our portfolio of well-located, triple-net-lease, income-producing properties,” said Ken Carpenter, managing director of CPI, in prepared remarks. “We are looking to acquire similar, operationally significant assets. We believe commercial real estate of this caliber is one of the best ways to generate consistent cash flow.”
Cushman & Wakefield’s Charlotte Managing Director Rob Cochran, Director Jared Londry and Associate Nolan Ashton, as well as Lincoln Harris’ Campbell Walker and Ridr Knowlton represented the seller.
Image courtesy of Yardi Matrix