Christian Whipple Of Elliot Bay Capital Trust And Kathryn Leaf Of Pantheon Acquire Medical Office In Clifton Park For $15M
1783 Us Route 9
$15,000,000
$250/SF
Building Size
60,000 SF
Asset Type
Medical Office
Closing
Aug 24, 2025
AI
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
Germantown Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93