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
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.
Players
Durham Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
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