Updated Aug 6, 2025
Trinity Capital Acquires 17.28 Acres In Charlotte From Graham Park Ventures For $6.15M
2241 Graham Park Drive
$6,150,000
$35/SF
Building Size
171,920 SF
Asset Type
Industrial
Closing
Aug 4, 2025
About this deal
AI
2241 Graham Park Drive is an industrial asset located in Charlotte, NC, which was sold for $6,150,000. The property encompasses 171,920 square feet and features a price per square foot of $36. The site spans 17.28 acres and is intended for the development of a Class A industrial spec project with outdoor storage.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,150,000
- Buyer: Trinity Capital
- Seller: Graham Park Ventures, LLC
- Brokers: Tom Tropeano, Chris Loyd & Gray Gaines - Avison Young
- Market: Charlotte, NC
- Square Footage: 171,920
- Price per Square Foot: $36
Trinity Capital, together with a Crow Holdings-advised fund, successfully acquired the site from Graham Park Ventures, LLC. This partnership indicates a focused investment in the Charlotte area, aiming to develop the Graham Park CLT project.
On the Map
$6,150,000
$35/SF
Industrial
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Players
Charlotte Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93