Charlotte · Commercial sale
Apartment complex at 4720 Randolph Rd in Charlotte sells for $62.8 million
An apartment complex at 4720 Randolph Rd, Charlotte sold for $62,800,000 on September 11, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $62,800,000
- Recorded
- September 11, 2026
- Property type
- Apartment complex
- Building area
- 212,628 sq ft
- Price per sq ft
- $295
- Year built
- 2018
An apartment complex at 4720 Randolph Rd in Charlotte sold for $62,800,000, which is 15.2 times the $4,125,000 paid in its most recent earlier sale on record, in 2017. The price is indicated by the transfer tax paid on a deed recorded September 11, 2026 with the Mecklenburg County Register of Deeds, according to the Mecklenburg County Assessor.
The sale price is 42% above the market value on record of $44,178,300. Based on the 212,628 square feet of building area shown in the Assessor's records, the price works out to $295 per square foot.
The Assessor's records also show a 2018 construction date and a 6.01-acre lot. An aerial photo of the property shows that the site holds 3 buildings.
What this sale costs to close
What does closing cost at this price? Under Mecklenburg County custom the seller's larger charges are $125,600 for the excise tax on conveyances (revenue stamps) and $300 for the seller's attorney fee. The seller's estimated net is $62,346,291 before brokerage commissions and any loan payoff. A cash buyer would need about $62,575,312 at closing.
Source: Mecklenburg County Assessor, parcel sales, document 40709-244. 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.
