Updated Dec 4, 2024
CBRE Investment Management Acquires 95 Acre Life Science Property In Morrisville, NC For $288M
4001 North Carolina 54 Morrisville, North Carolina 27560, United States
$288,000,000
$434/SF
Building Size
663,000 SF
Asset Type
Other
Closing
Oct 2, 2022
About this deal
AI
The property asset involved in this transaction is a Life Science property located at 4001 NC Highway 54 in Morrisville, NC. It spans across 95 acres of land. The transaction took place on October 3, 2022.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: $288,000,000
- Square Footage: 663,000
- Price Per Square Foot: $434
- Address: 4001 NC Highway 54, Morrisville, NC
- Market: Morrisville, NC
CBRE Investment Management served as the buyer in this transaction, while Starwood Capital Group acted as the seller.
Players
Durham Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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