Catalyst Healthcare Acquires Medical Office In Winston-Salem For $21.5M
SOLD
$21,500,000
North Carolina
See Similar Deals38 SF
Sold 12/30/2022
SOLD
Catalyst Healthcare Acquires Medical Office In Winston-Salem For $21.5M
3155 Maplewood Avenue, Winston-Salem, North Carolina 27103, United States
See Similar Deals38 SF
Sold 12/30/2022
Summary
NORTH CAROLINA
Price Per Square Foot:$565,789
Total Square Footage:38 SF
Transaction Type:Sale
The sale of a medical office property located at 3155 Maplewood Ave in Winston-Salem, N.C has been successfully completed. The property spans a total of 38,904 square feet and was sold for a total price of $21,500,000, resulting in a price per square foot of $553.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $21,500,000
- Address: 3155 Maplewood Ave
- Market: Winston-Salem, N.C
Catalyst Healthcare Real Estate emerged as the buyer in this transaction, while Front Street Capital acted as the seller. Linville Team Partners served as the broker representing both parties throughout the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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