Catalyst Healthcare Acquires Medical Office In Winston-Salem For $21.5M
3155 Maplewood Avenue, Winston-Salem, North Carolina 27103, United States
$21,500,000
$565,789/SF
Building Size
38 SF
Asset Type
—
Closing
Dec 30, 2022
AI
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.
Players
Winston Salem CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93