facebook

traded

+ Submit
Home

/

Deals

/

North Carolina

/

Office

/

Sale

/

301 South Tryon Street

Riverside Investment & Development Company Acquires Former Two Wells Fargo Center For $36.5M In Charlotte
SOLDOffice

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

Patrick Gildea

CBRE

Broker

$479.1M

vol

17 deals

Broker
Riverside Investment & Development Company
Riverside Investment & Development CompanyBuyer

Charlotte Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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