Updated Oct 14, 2025
Town Lane And Trinity Capital Advisors Acquire Office Tower At 440 South Church Street For $75.8M
440 South Church Street
$75,800,000
$195/SF
Building Size
388,657 SF
Asset Type
Office
Closing
Oct 8, 2025
About this deal
AI
The asset involved in the transaction is an office property located at 440 South Church Street in Charlotte, NC. The sale was completed for a value of $75,800,000. The office building encompasses 388,657 square feet and was sold at a price per square foot of $195.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $75,800,000
- Buyer: Town Lane & Trinity Capital Advisors
- Seller: Epic Investments Partners
- Square Footage: 388,657
- Sale Price per Square Foot: $195
Town Lane and Trinity Capital Advisors plan to invest more than $20 million to renovate the office tower, which was less than 40% leased at the time of sale. The property holds a LEED Gold certification.
On the Map
$75,800,000
$195/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93