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128 South Tryon Street

Dexian Leases 20k SF Office Space At 128 South Tryon St Charlotte NC For 10 Years
LEASEDOffice

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

Kris Westmoreland

CBRE

Broker

$74.8M

vol

5 deals

Broker

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