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MSSM Real Estate Purchases Office on Cape Center Drive

Owner/User Pays $2.1M for Cumberland County Office Building
May 15, 2014
MSSM Real Estate, a regional developer and owner, acquired the 15,234-square-foot office building at 3650 Cape Center Dr. in Fayetteville, NC for $2.1 million, or about $138 per square foot from Grendel Enterprises.

The two-story office building delivered in 1999. It is situated on 1.1 acres of land just south of the Raeford Rd. exit of the All American Freeway. The new owner will do approximately $150,000 in unfitting to cure the deferred maintenance.

Arlene Hrabovecky of Nimocks, Ciccone & Townsend Commercial represented the seller, while Jordana Leggett of Grant-Murray Real Estate represented the buyer.

Please see CoStar COMP #3019858 for more information on the transaction.

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