Updated Oct 28, 2024
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
—
Closing
Sep 29, 2022
About this deal
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.
The commercial sale at 101 Southwest Cary Parkway, Cary, North Carolina 27511, United States in Cary, North Carolina sold for $14.3M in 2022. Named participants on the 101 Southwest Cary Parkway, Cary, North Carolina 27511, United States sale are Alex Brown. This page is the Cary, North Carolina file for the 101 Southwest Cary Parkway, Cary, North Carolina 27511, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Cary sit in the Market section below. Filter that Cary commercial set by closing date to see what else sold near 101 Southwest Cary Parkway, Cary, North Carolina 27511, United States around 2022. Published consideration for 101 Southwest Cary Parkway, Cary, North Carolina 27511, United States is $14.3M, dated 2022. Cite this Flagship Healthcare Properties Acquires Medical Office In Cary, NC For $14.25M sale when underwriting similar commercial product around Cary, North Carolina.
Players
Cary CRE Market Snapshot
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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