Updated Dec 4, 2024
SOLDOther
Starwood Capital Group Sells 95 Acre Life Science Property In Durham, NC For $288M
4001 East Highway 54, Durham, North Carolina 27703, United States
$288,000,000
Building Size
—
Asset Type
Other
Closing
Sep 27, 2022
About this deal
AI
The property involved in this transaction is a Life Science asset located at 4001 E Hwy 54 in Durham, NC. The property spans across 95 acres in size. The sale of this property took place on September 28, 2022.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: $288,000,000
- Market: Durham, NC
- Seller: Starwood Capital Group
- Broker: CBRE Investment Management
The seller of the property is Starwood Capital Group, while the broker involved in the transaction is CBRE Investment Management.
Players
Starwood Capital GroupSeller
Starwood Capital GroupLender
Durham Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93