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Christian Whipple Of Elliot Bay Capital Trust And Kathryn Leaf Of Pantheon Acquire Medical Office In Clifton Park For $15M
SOLD
$15,000,000
New York
See Similar DealsMedical Office60,000 SF
Sold 08/24/2025
SOLD
Christian Whipple Of Elliot Bay Capital Trust And Kathryn Leaf Of Pantheon Acquire Medical Office In Clifton Park For $15M
1783 Us Route 9
See Similar DealsMedical Office60,000 SF
Sold 08/24/2025
Summary
NEW YORK
Asset Type:Medical Office
Price Per Square Foot:$250
Total Square Footage:60,000 SF
Transaction Type:Sale
A 60,000-square-foot outpatient medical office located at 1783 Route 9 in Clifton Park was sold for $15 million. The property is categorized as a medical office asset and has a price per square foot of $250.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $15,000,000
- Address: 1783 Route 9
- Market: Clifton Park
- Asset Size: 60,000 SF
- Price Per Square Foot: $250
- Buyer: Christian Whipple - Elliot Bay Capital Trust & Kathryn Leaf - Pantheon
- Seller: Columbia Development LLC
The transaction involved Christian Whipple representing Elliot Bay Capital Trust and Kathryn Leaf representing Pantheon as they acquired the property from Columbia Development LLC. This purchase underscores the collaboration between the two buyers in securing the medical office asset.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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