SOLD
Flagship Healthcare Properties Acquires Medical Office In Cary, NC For $14.25M
101 Southwest Cary Parkway, Cary, North Carolina 27511, United States
$14,250,000
Building Size
—
Asset Type
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Closing
Sep 29, 2022
AI
A medical office property located at 101 & 105 SW Cary Parkway in Cary, NC, with a land area of 5.43 acres, was sold on September 30, 2022.
Summary of transaction details
- Property Type: Medical Office
- Sale Price: $14,250,000
- Market: Cary, NC
Flagship Healthcare Properties purchased the property from Alex Brown Realty.
Players
Cary CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93