Dexian Leases 20k SF Office Space At 128 South Tryon St Charlotte NC For 10 Years
128 South Tryon Street
$32
$32/SF
Building Size
20,897 SF
Asset Type
Office
Closing
Nov 7, 2024
AI
The property asset involved in this lease transaction is located at 128 South Tryon Street in Charlotte, NC. It is classified as an office space with a total square footage of 20,897. The asking rent for this property was established at $32 per square foot. The lease type agreed upon is Full Service Gross.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $32/ft
- Square Footage: 20,897
- Address: 128 South Tryon Street
- Market: Charlotte, NC
- Landlord: Chris Dornin - Dornin Investment Group
- Tenant: Dexian
- Landlord's Representative: Kris Westmoreland - CBRE
- Tenant's Representative: Ann-Fleming Powell - Davis Moore Capital
- Lease Term: 10 years
This transaction involved key individuals such as Chris Dornin, representing Dornin Investment Group, and Dexian as the tenant. Kris Westmoreland from CBRE acted on behalf of the landlord, while Ann-Fleming Powell from Davis Moore Capital represented the tenant in the leasing agreement.
Players
Charlotte Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
495718.75%
Cash-on-Cash
-141677.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93