Remedy Medical Properties & Kayne Anderson Real Estate Advisors Acquire Medical Office In Cary For $10.95M
540 New Waverly Place
$10,950,000
Building Size
—
Asset Type
Medical Office
Closing
Nov 14, 2025
AI
The property asset involved in the transaction is a medical office located at 540 New Waverly Place in Cary, NC. The sale price for this medical office building was $10,950,000 as part of a larger portfolio acquisition.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: $10,950,000
- Buyer: Remedy Medical Properties & Kayne Anderson Real Estate Advisors
- Seller: Welltower
- Transaction Date: 11/14/2025
Remedy Medical Properties and Kayne Anderson Real Estate Advisors acquired the Cary medical office building as part of a $7.2 billion national portfolio acquisition from Welltower, highlighting their strategic investment in the healthcare real estate market.
Players
Cary 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
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93