Fairfield Advisors facilitated the sale of the Novant Health Medical and Surgical building at 2739 Iron Gate Drive in Wilmington NC. The medical building, which is 20,000 square feet, was built in 2023. Novant Health is the single tenant and is on a longer term NNN lease. Novant is providing a range of higher acuity services including oncology nerve block and mammography procedures.“We are very pleased to successfully complete this transaction in Wilmington which is one of the fastest growing markets in US. .” said Audrey Trainor, Director of Business Development at Fairfield Advisors. “The physicians that were selling the real estate were simultaneously selling their practice to Novant Health. Fairfield worked with the seller, the buyer, and Novant Health on implementing a new lease that commenced in coordination with the sale of the building and the sale of the practice”
It was an $11,240,000 sale and Fairfield has closed on $1.22B of health care real transactions.
ABOUT FAIRFIELD ADVISORS
• Fairfield Advisors is a national Advisory firm that provides a wide range of Capital Advisory solutions for the HealthCare Real Estate marketplace
• Fairfield Advisors works directly with owners of HealthCare Real Estate for the sale of assets as well as sourcing capital for Debt, Equity, and Development.
• Fairfield Advisors works directly with Capital Sources to manage highly targeted campaigns to increase Deal Flow based on specific criteria such as geography, tenancy, and deal size.
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