Updated Oct 29, 2024
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
About this deal
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.
The office sale at 200 West Morgan Street Raleigh, North Carolina 27601, USA in Raleigh, North Carolina sold for $9.1M in 2023. 200 West Morgan Street Raleigh, North Carolina 27601, USA is classified as Office on Traded. Hunter Barron, Teddy Hobbs, Alexis Kaiser, JLL appear on the sale alongside JLL. This page is the Raleigh, North Carolina file for the 200 West Morgan Street Raleigh, North Carolina 27601, USA office sold: pricing, party profiles, and other closed office comps from the same Raleigh sit in the Market section below. Filter that Raleigh office set by closing date to see what else sold near 200 West Morgan Street Raleigh, North Carolina 27601, USA around 2023. Published consideration for 200 West Morgan Street Raleigh, North Carolina 27601, USA is $9.1M, dated 2023. Cite this Convexity Properties Acquires Office Building On West Morgan Street In Raleigh, NC For $9.1M sale when underwriting similar office product around Raleigh, North Carolina.
On the Map
$9,100,000
Office
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Players
Raleigh Office Market Snapshot
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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