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3708 Mayfair Street Durham,...

Dilweg Sells Square At University Hill North And South In Durham For $11.3M
SOLDMedical Office

Dilweg Sells Square At University Hill North And South In Durham For $11.3M

3708 Mayfair Street Durham, North Carolina 27707, Usa

$11,300,000

$95/SF

Building Size

117,899 SF

Asset Type

Medical Office

Closing

Jul 14, 2023

AI

The Square at University Hill North and South buildings in Durham, North Carolina, have been sold by Dilweg for $11.3 million. The medical office property spans a total of 117,899 square feet and is located at 3708 Mayfair Street & 3710 University Drive. The price per square foot for this transaction stands at $96.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $11,300,000
  • Address: 3708 Mayfair Street & 3710 University Drive, Durham, NC
  • Market: Durham, NC
  • Square Footage: 117,899 square feet
  • Price per Square Foot: $96

This sale was facilitated by Dilweg, a prominent real estate company. Their successful transaction of the Square at University Hill North and South buildings demonstrates their expertise in the medical office market. With this deal, Dilweg continues to establish themselves as a key player in the Durham, NC real estate scene.

Players

D
DilwegSeller

McKeesport Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93