SOLDOffice
Onward Investors Acquires Office Asset From Griffin Capital Corp For $20,000,000
2730 West Tyvola Road
$20,000,000
Units
195,008
Asset Type
Office
Closing
Jan 31, 2025
About this deal
AI
The property asset involved in this transaction is an office building located at 2730 West Tyvola Road in Charlotte, TX. The asset encompasses a total area of 195,008 square feet and was sold for a price of $20,000,000.00.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $20,000,000.00
- Buyer: Onward Investors
- Seller: Griffin Capital Corp.
- Sale Date: 01/31/2025
- Market: Charlotte, TX
This transaction highlights the involvement of Onward Investors as the buyer and Griffin Capital Corp. as the seller, indicating their roles in the completion of this office property sale.
On the Map
$20,000,000
Office
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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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93