Updated Jun 6, 2025
Coinbase Leases 58600 Sq Ft Office At 110 East Boulevard Charlotte With Shorenstein As Landlord
110 East Boulevard
Building Size
58,600 SF
Asset Type
Office
Closing
Jun 5, 2025
About this deal
AI
The property asset involved in this lease transaction is located at 110 East Boulevard, Charlotte, NC. The asset type is office space, encompassing a total of 58,600 square feet. Coinbase has secured the lease for the 18th and 19th floors of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 110 East Boulevard
- Market: Charlotte, NC
- Square Footage: 58,600
- Landlord: Shorenstein
- Tenant: Coinbase
- Landlord's Representative: Jennifer Kurz, John Hannon & Rhea Greene - Trinity Partners
- Tenant's Representative: Conor Brennan - JLL
The transaction has established Coinbase's new "Center of Excellence," which is anticipated to accommodate 130 employees. JLL's Conor Brennan played a pivotal role in representing Coinbase during this lease, while Trinity Partners facilitated the deal on behalf of the landlord, Shorenstein.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93