Updated Dec 2, 2025
OlivePoint Capital Acquires Office Building In Morrisville For $33M From W.P. Carey Inc
3900 Paramount Parkway
$33,000,000
$146/SF
Building Size
224,850 SF
Asset Type
Office
Closing
Nov 26, 2025
About this deal
AI
The asset involved in the transaction is an office building located at 3900 Paramount Parkway in Morrisville, NC. This property was sold for $33,000,000, covering a total area of 224,850 square feet, which translates to a price per square foot of $147.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $33,000,000
- Buyer: OlivePoint Capital
- Seller: W.P. Carey Inc
- Brokers: Daniel Flynn, Ryan Clutter & CJ Liuzzo - JLL
- Market: Morrisville, NC
- Sale Date: 11/26/2025
- Previous Purchase Price: $52,350,000
- Price Reduction: 37%
OlivePoint Capital acquired the property while it was fully leased. The transaction was facilitated by brokers Daniel Flynn, Ryan Clutter, and CJ Liuzzo from JLL, representing the involved parties in the deal.
On the Map
$33,000,000
$146/SF
Office
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Players
Morrisville 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93