Riverside Investment & Development Company Acquires Former Two Wells Fargo Center For $36.5M In Charlotte
301 South Tryon Street
$36,500,000
$45/SF
Building Size
800,000 SF
Asset Type
Office
Closing
Apr 23, 2026
AI
The property involved in this transaction is an office complex located at 301 S. Tryon St, Charlotte, NC. The building spans approximately 800,000 square feet and was sold for $36.5 million, which equates to a price per square foot of $46.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $36,500,000
- Address: 301 S. Tryon St
- Market: Charlotte, NC
- Sale Price per Square Foot: $46
- Buyer: Riverside Investment & Development Company
- Seller: Singerman Real Estate
- Brokers: Patrick Gildea & Matt Smith - CBRE
- Square Footage: 800,000
This transaction marks the acquisition of the former Two Wells Fargo Center by Riverside Investment & Development and Singerman Real Estate as part of their broader repositioning strategy within the marketplace.
Players
Charlotte 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93