Updated Sep 4, 2026
Research Park Properties LLC Acquires 159,000 Square Foot Office In Charlotte For $24.5M
10714 David Taylor Drive
$24,500,000
$154/SF
Building Size
159,000 SF
Asset Type
Office
Closing
Sep 4, 2026
About this deal
AI
The recently sold asset is a vacant office building located at 10714 David Taylor Drive in Charlotte, NC. The property spans 19.8 acres and encompasses a total of 159,000 square feet. The sale was completed on September 3, 2026, with a price of $24.5 million, translating to a price per square foot of $154.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,500,000
- Buyer: Research Park Properties LLC
- Seller: Jay Curran - Crescent Communities
- Building Completion Year: 2021
- Vacant Parcel: 1.1 acres
The transaction involved Research Park Properties LLC acquiring the property from Jay Curran, who represents Crescent Communities in this deal. The building has never been occupied since its completion.
On the Map
$24,500,000
$154/SF
Office
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Taylor 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93