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10635 Park Road

Updated Aug 26, 2026

Nuveen Real Estate Acquires Medical Office In Charlotte From MPV Properties For $58.49M
SOLDMedical Office

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:

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.

On the Map

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Medical Office

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Players

Lane Neville

NAI Global

Broker

$11.9M

vol

2 deals

Broker
NE
Nuveen Real EstateBuyer

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

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