Updated Aug 26, 2026
Nuveen Real Estate Acquires Medical Office In Charlotte From MPV Properties For $58.49M
10635 Park Road
Building Size
58,493 SF
Asset Type
Medical Office
Closing
Aug 14, 2026
About this deal
AI
The property involved in the transaction is a medical office located at 10635 Park Road in the Charlotte market, encompassing a total square footage of 58,493. The buyer for this asset is Nuveen Real Estate, while the seller is MPV Properties.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Address: 10635 Park Road
- Market: Charlotte
- Seller's Representatives: Mark Newell, Josh Suggs & Ferris Edwards - MPV Properties
- Brokerage Representatives: Lane Neville, Cole Neville, Matt Westra, Cade Olivas & Brandon Hall - NAI Horizon
This transaction highlights the involvement of multiple broker representatives from NAI Horizon, ensuring a comprehensive support system for both parties. The collaboration among these professionals contributed to the successful conclusion of the deal.
Players
Charlotte 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93