Updated Dec 2, 2025
Fengate Acquires 57,000 Square Foot Medical Office In Germantown, TN For $25.3 Million From Montecito Medical
8060 Wolf River Boulevard
$25,300,000
Building Size
—
Asset Type
Medical Office
Closing
Nov 26, 2025
About this deal
AI
A 57,000-square-foot medical office building located at 8060 Wolf River Boulevard in Germantown, TN, has been sold for $25.3 million, equating to $443.86 per square foot. The property is currently leased to Stern Cardiovascular and was sold by an LLC affiliated with Montecito Medical Real Estate.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $25,300,000
- Buyer: Fengate
- Seller: Montecito Medical Real Estate
- Market: Memphis, TN
An affiliate of Fengate represented the buyer in this transaction, furthering their investment in the medical real estate sector. The acquisition of this property aligns with their portfolio strategy in the healthcare property market.
Players
Germantown Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93