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
Durham Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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