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4709 Creekstone Drive Durha...

Highwoods Properties Sells Medical Office In Durham, NC For $20.7M
SOLDOther

Highwoods Properties Sells Medical Office In Durham, NC For $20.7M

4709 Creekstone Drive Durham, North Carolina 27703, Usa

$20,700,000

Building Size

Asset Type

Other

Closing

Jun 5, 2023

AI

The medical office located at 4709 Creekstone Drive in Durham, NC has been sold by Highwoods Properties for a total price of $20,700,000. The property is a prime asset in the market, offering valuable opportunities in the medical sector.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $20,700,000
  • Address: 4709 Creekstone Drive, Durham, NC
  • Seller: Highwoods Properties

This transaction highlights the successful sale of the medical office, with Highwoods Properties acting as the seller. The deal was completed on 06/05/2023, showcasing the expertise and negotiation skills of both parties involved. The market in Durham, NC shows substantial potential for medical offices, making this transaction a significant achievement for all parties.

Players

HP
Highwoods PropertiesSeller

Durham Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93