Convexity Properties Acquires Office Building On West Morgan Street In Raleigh, NC For $9.1M
200 West Morgan Street Raleigh, North Carolina 27601, USA
$9,100,000
Building Size
—
Asset Type
Office
Closing
Jun 15, 2023
AI
The office property located at 200 West Morgan Street in Raleigh, NC has been sold. The transaction took place on 06/15/2023, with Convexity Properties purchasing the asset from the Episcopal Diocese for a price of $9,100,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,100,000
- Address: 200 West Morgan Street
- Market: Raleigh, NC
Teddy Hobbs, Alexis Kaiser & Hunter Barron from JLL represented the buyer, Convexity Properties, in this sale transaction.
Players
Raleigh Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93