Updated Sep 8, 2025
Lightstone Acquires 92,000 SF Life Sciences Portfolio In Morrisville And Cary For $9M
3500 Paramount Parkway & 3000 Weston Parkway
$9,000,000
$48/SF
Building Size
92,000 SF
Asset Type
Life Sciences
Closing
Sep 4, 2025
About this deal
AI
Lightstone has acquired a life sciences portfolio consisting of two properties located at 3500 Paramount Parkway and 3000 Weston Parkway in Morrisville and Cary, NC. The total sale price for the 92,000 square feet asset reached $9,000,000, translating to a price per square foot of $98.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $9,000,000
- Square Footage: 92,000
- Address: 3500 Paramount Parkway & 3000 Weston Parkway
- Market: Morrisville & Cary, NC
- Price Per Square Foot: $98
- Buyer: Lightstone
- Brokers: David Finger & Alban Barrus - Cushman & Wakefield
The transaction enhances Lightstone's investment in the Raleigh-Durham Research Triangle, increasing its total local investment this year to nearly $100 million. David Finger and Alban Barrus from Cushman & Wakefield represented the transaction, contributing to the successful deal completion in the life sciences sector.
Players
Morrisville Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93