Charlotte · Commercial sale
Iov 700 Johnson buys 700 Johnson Rd in Charlotte for $6.28 million
A commercial property at 700 Johnson Rd, Charlotte sold for $6,275,000 on September 2, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $6,275,000
- Recorded
- September 2, 2026
- Property type
- Commercial property
- Building area
- 9,800 sq ft
- Price per sq ft
- $640
- Year built
- 1995
A commercial property at 700 Johnson Rd in Charlotte sold for $6,275,000, which is 20.9 times the $300,000 it fetched in 2004, the most recent earlier sale on record. The price is indicated by the transfer tax paid on a special warranty deed recorded September 2, 2026 with the Mecklenburg County Register of Deeds, according to the Mecklenburg County Assessor.
The recorder's index lists Iov 700 Johnson LLC as the buyer. The Assessor's records show 9,800 square feet of building area, a 1995 construction date and a 4.61-acre lot. At that size, the price works out to $640 per square foot.
The sale also towered over the county's own number. The market value on record is $1,547,100, and the sale price is 4.1 times that.
What this sale costs to close
What does closing cost at this price? Under Mecklenburg County custom the seller's larger charges are $12,550 for the excise tax on conveyances (revenue stamps) and $300 for the seller's attorney fee. The seller's estimated net is $6,230,515 before brokerage commissions and any loan payoff. A cash buyer would need about $6,256,046 at closing.
Source: Mecklenburg County Assessor, parcel sales, document 40694-153. 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.
