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Trinity Capital Acquires 17.28 Acres In Charlotte From Graham Park Ventures For $6.15M

Property Image
SOLD
$6,150,000
Gray Gaines
Tom Tropeano
Chris Loyd

North Carolina

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Industrial171,920 SF
Sold 08/04/2025
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Property Image
SOLD

Trinity Capital Acquires 17.28 Acres In Charlotte From Graham Park Ventures For $6.15M

2241 Graham Park Drive

See Similar Deals
Industrial171,920 SF
Sold 08/04/2025
Gray Gaines
Tom Tropeano
Chris Loyd
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:171,920 SF
Transaction Type:Sale

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.

Players

Gray Gaines
Avison Young
Gray Gaines
2 deals$48M volume(704) 439-7410
BROKER
Tom Tropeano
Avison Young
Tom Tropeano
3 deals$48M volume(732) 492-4846
BROKER
Chris Loyd
Avison Young
Chris Loyd
3 deals$145M volume(704) 975-5093
BROKER
Avison Young
Avison Young
BROKERAGE

Details

SOLD
IMAGE: 08/04/2025 ADDRESS: 2241 Graham Park Drive MARKET: Charlotte, NC ASSET TYPE: Industrial BUYER: Trinity Capital SELLER: Graham Park Ventures, LLC BROKERS: Tom Tropeano, Chris Loyd & Gray Gaines - Avison Young SALE PRICE: $6,150,000 SF: 171,920 ~ PPSF: $36 NOTE: Trinity Capital, in partnership with a Crow Holdings-advised fund, acquired a 17.28-acre site in Charlotte, NC from Graham Park Ventures for $6.15 million to develop Graham Park CLT, a 171,920-sf Class A industrial spec project with outdoor storage.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$328,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
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