Updated Nov 28, 2024
Highwoods Properties Inc Acquires 650 S Tryon St Office In Charlotte, NC For $201.2M
650 South Tryon Street, Charlotte, North Carolina 28202, United States
$201,200,000
$548/SF
Building Size
367,000 SF
Asset Type
Office
Closing
Aug 17, 2022
About this deal
AI
The office property located at 650 S Tryon St in Charlotte, NC has been sold in a transaction. The property spans 367,000 square feet with a price per square foot of $548. The total sale price for the property is $201,200,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $201,200,000
Highwoods Properties Inc has acquired the property from Lincoln Harris & Goldman Sachs Asset Management.
The office sale at 650 South Tryon Street, Charlotte, North Carolina 28202, United States in Charlotte, North Carolina sold for $201.2M in 2022. The building is 367,000 square feet, implying about 548 per square foot on the published price. This page is the Charlotte, North Carolina file for the 650 South Tryon Street, Charlotte, North Carolina 28202, United States office sold: pricing, party profiles, and other closed office comps from the same Charlotte sit in the Market section below. Filter that Charlotte office set by closing date to see what else sold near 650 South Tryon Street, Charlotte, North Carolina 28202, United States around 2022. Published consideration for 650 South Tryon Street, Charlotte, North Carolina 28202, United States is $201.2M, dated 2022. Cite this Highwoods Properties Inc Acquires 650 S Tryon St Office In Charlotte, NC For $201.2M sale when underwriting similar office product around Charlotte, North Carolina.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93