Updated Nov 28, 2024
Alexandria Real Estate Equities Acquires 72 Acres Commercial Property In Durham, NC For $80M
104 T.W. Alexander Drive, Durham, North Carolina 27709, United States
$80,000,000
$854/SF
Building Size
93,655 SF
Asset Type
Commercial
Closing
Jan 10, 2022
About this deal
AI
A commercial property located at 104 TW Alexander Dr. in Durham, NC has been sold. The property spans over 72 acres.
Summary of transaction details:
- Property Type: Commercial
- Sale Price: $80,000,000
Alexandria Real Estate Equities has purchased the property from Thor Equities Group, with Jack J. Sitt representing the seller. No additional information about the transaction is available.
The commercial sale at 104 T.W. Alexander Drive, Durham, North Carolina 27709, United States in Durham, North Carolina sold for $80M in 2022. The building is 93,655 square feet, implying about 854 per square foot on the published price. Named participants on the 104 T.W. Alexander Drive, Durham, North Carolina 27709, United States sale are Jack Sitt, Joseph Sitt. This page is the Durham, North Carolina file for the 104 T.W. Alexander Drive, Durham, North Carolina 27709, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Durham sit in the Market section below. Filter that Durham commercial set by closing date to see what else sold near 104 T.W. Alexander Drive, Durham, North Carolina 27709, United States around 2022. Published consideration for 104 T.W. Alexander Drive, Durham, North Carolina 27709, United States is $80M, dated 2022. Cite this Alexandria Real Estate Equities Acquires 72 Acres Commercial Property In Durham, NC For $80M sale when underwriting similar commercial product around Durham, North Carolina.
Players
Durham Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93