DURHAM, NC-Medical office buildings are trading with velocity in Raleigh-Durham. A trio of medical office assets has traded hands in the Triangle region.

Healthcare REIT recently sold two medical office buildings spanning 30,464 square feet in Central Professional Park of North Duke Street in Durham. Buildings 200 and 1000 sold to a CA-based 1031 buyer for $3.75 million. Greg Payne of Pickett-Sprouse Real Estate represented the buyer. CB Richard Ellis senior vice president Joe Graham represented the seller.

“What really got these buildings sold was the fact that the majority of the space is leased by an affiliate of Duke University Health Systems,” Graham tells GlobeSt.com. “But we are seeing an uptick in everything that’s got decent credit--retail, office and even industrial if it’s got good credit and long-term leases on decent real estate. There’s so much capital out there chasing deals and a fairly scarce supply of good product, which is driving cap rates down.”