Charlotte · Commercial sale
HPI Pavilion buys 111 Gracyn Olivia Dr in Charlotte for $56.75 million
An apartment complex at 111 Gracyn Olivia Dr, Charlotte sold for $56,750,000 on August 21, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $56,750,000
- Recorded
- August 21, 2026
- Property type
- Apartment complex
- Building area
- 282,743 sq ft
- Price per sq ft
- $201
- Year built
- 2015
An apartment complex at 111 Gracyn Olivia Dr in Charlotte has sold for 29% more than it fetched in 2019. The earlier sale on record was $44,000,000. This time the price was $56,750,000, as indicated by the transfer tax paid on a non warranty deed, according to the Mecklenburg County Assessor.
The deed was recorded August 21, 2026 with the Mecklenburg County Register of Deeds. The recorder's index lists HPI Pavilion LLC as the buyer. At that price, the property works out to $201 per square foot. The market value on record with the Assessor is $52,378,900.
The Assessor's records show 282,743 square feet of building area, a 2015 construction date and a 25.96-acre lot.
What this sale costs to close
What does closing cost at this price? Under Mecklenburg County custom the seller's larger charges are $113,500 for the excise tax on conveyances (revenue stamps) and $300 for the seller's attorney fee. The seller's estimated net is $56,364,455 before brokerage commissions and any loan payoff. A cash buyer would need about $56,571,696 at closing.
Source: Mecklenburg County Assessor, parcel sales, document 40664-434. The price is the one indicated by the transfer tax paid; it may not be the actual sale price. Property details: Mecklenburg County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
