Updated Oct 29, 2024
311 W Corporation St LLC Acquires 7,500 SF Commercial Property In Durham, NC For $2.2M
311 West Corporation Street Durham, NC 27701, USA
$2,200,000
$293/SF
Building Size
7,500 SF
Asset Type
Commercial
Closing
Aug 25, 2023
About this deal
AI
The single-story commercial property at 311 West Corporation Street in Durham, NC has been sold for $2.2 million. The property spans 7,500 square feet and is situated on a 0.4-acre lot. The sale took place on August 17, 2023, with the buyer being 11 W Corporation St LLC and the seller being W Corp LLC 311.
Summary of transaction details
- Property Type: Commercial
- Sale Price: $2,200,000
- Square Footage: 7,500
- Price Per Square Foot: $293
- Address: 311 West Corporation Street, Durham, NC
- Market: Durham, NC
- Buyer: 11 W Corporation St LLC
- Seller: W Corp LLC 311
The deal involved the acquisition of the property by 11 W Corporation St LLC from W Corp LLC 311. This transaction marks an important milestone for both parties involved in the deal. Additional details regarding the individuals or representatives involved in the transaction were not provided.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93