Alexandria Real Estate Equities Acquires 72 Acres Commercial Property In Durham, NC For $80M
SOLD
$80,000,000
North Carolina
See Similar DealsCommercial93,655 SF
Sold 01/11/2022
SOLD
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
See Similar DealsCommercial93,655 SF
Sold 01/11/2022
Summary
NORTH CAROLINA
Asset Type:Commercial
Price Per Square Foot:$854
Total Square Footage:93,655 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77
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