Updated Oct 29, 2024
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
About this deal
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.
On the Map
$11,300,000
$95/SF
Medical Office
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McKeesport Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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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