Updated Dec 23, 2025
Trinity Capital Advisors And Starwood Capital Group Acquire Life Sciences Asset In Morrisville For $36.25M
4877 Mc Crimmon Parkway
$36,250,000
$28/SF
Building Size
1,270,000 SF
Asset Type
Life Sciences
Closing
Dec 16, 2025
About this deal
AI
The asset involved in the transaction is a life sciences property located at 4877 Mc Crimmon Parkway in Morrisville, NC. The transaction took place for a sale price of $36,250,000, encompassing a total square footage of 1,270,000, resulting in a price per square foot of $29.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $36,250,000
- Address: 4877 Mc Crimmon Parkway
- Market: Morrisville, NC
- Square Footage: 1,270,000
- Price Per Square Foot: $29
- Buyer: Trinity Capital Advisors & Starwood Capital Group
The transaction saw Trinity Capital Advisors and Starwood Capital Group serve as the buyers. Notably, Millennium Print Group, a non-life sciences tenant, signed a significant lease at the Spark LS campus in Morrisville, marking the largest U.S. manufacturing lease of 2025.
On the Map
$36,250,000
$28/SF
Life Sciences
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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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93