CBRE|Raleigh is pleased to announce the sale of 4220 N Roxboro Street to CPI Medical Fund One, LLC.Ben Kilgore exclusively represented the sale on behalf of the seller, Matan Companies LLLP.
4220 N Roxboro Street is a 25,408 square foot medical investment property located less than one mile from Duke University Durham Regional Hospital. The building has been fully leased to Duke University Health System for over 25 years, with its current lease through December 2028. It contains both an Outpatient Clinic and Internal Medicine Facility. The center also includes on-site laboratory, nurse education, and social worker evaluation facilities. Other than Duke Health’s main campus location, this location serves as Duke’s only Outpatient Clinic in their entire network.
“CBRE and the Matan Companies team have worked together for over 10 years, and we are pleased to be able to represent them in the sale of 4220 Roxboro Road,” said Kilgore, executive vice president with CBRE|Raleigh’s Capital Markets group. “The sale of 4220 Roxboro Road is a continued testament to the strength of the Raleigh-Durham marketplace, as well as the major tenant, Duke University.”
4220 N Roxboro has ideal access for patients, located minutes from the Duke University Medical center, downtown Durham and I-85 with access to I-40 and Highway 70. It also offers an expansion area that is fit for up to 17,000 additional square feet.
About CBRE|Raleigh
CBRE|Raleigh is a CBRE office serving the Triangle region and is a joint venture between local principals and CBRE Group, Inc. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. In 2017, the Raleigh office completed $2.2 billion of sales and leasing transactions. Please visit our website at www.cbre.us/raleigh.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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