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Town Lane And Trinity Capital Advisors Acquire Office Tower At 440 South Church Street For $75.8M
SOLD
$75,800,000
North Carolina
See Similar DealsOffice388,657 SF
Sold 10/08/2025
SOLD
Town Lane And Trinity Capital Advisors Acquire Office Tower At 440 South Church Street For $75.8M
440 South Church Street
See Similar DealsOffice388,657 SF
Sold 10/08/2025
Summary
NORTH CAROLINA
Asset Type:Office
Price Per Square Foot:$195
Total Square Footage:388,657 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,042,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$269,301.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$359,330.67
Annual Debt Service$4,311,968.06
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