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
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.
Players
Charlotte 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93