Updated Sep 22, 2026
Onward Investors Acquires Office Portfolio In Charlotte For $51 Million From Praelium Commercial Real Estate And South Street Partners
2550 West Tyvola Road, 2810 West Tyvola Road & 2815 Coliseum Centre Drive
$51,000,000
$33/SF
Building Size
511,344 SF
Asset Type
Office
Closing
Jun 22, 2026
About this deal
AI
A three-building office portfolio located at 2550 West Tyvola Road, 2810 West Tyvola Road, and 2815 Coliseum Centre Drive in Charlotte, NC, was sold for $51,000,000, equating to approximately $99.74 per square foot. The total square footage of the assets is 511,344 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $51,000,000
- Square Footage: 511,344
- Price per Square Foot: $99.74
- Buyer: Onward Investors
- Seller: Praelium Commercial Real Estate and South Street Partners
- Market: Charlotte, NC
- Broker: JLL
Onward Investors acquired the office portfolio from Praelium Commercial Real Estate and South Street Partners, who had purchased the properties in 2020 for $102 million. JLL facilitated the transaction, handling the negotiations and brokerage for this deal.
On the Map
$51,000,000
$33/SF
Office
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Players
Marble Rock 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93