Updated Oct 2, 2026
Pete Mavoides Of Essential Properties Acquires Medical Office In High Point For $6.31M
410 Brentwood Street
$6,310,000
$465/SF
Building Size
13,565 SF
Asset Type
Medical Office
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in this transaction is a medical office located at 410 Brentwood Street in High Point, NC. The transaction closed at a price of $6,310,000, featuring a total area of 13,565 square feet on a 4.5-acre lot.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $6,310,000
- Address: 410 Brentwood Street
- Market: High Point, NC
- Asset Size: 13,565 SF
- Price Per Square Foot: $465
- Buyer: Pete Mavoides - Essential Properties
- Seller: Jeff Julius - Zeal Development Group
Essential Properties, a firm based in New Jersey, acquired the property from Zeal Development Group. The previous purchase by Zeal Development in 2024 was for $880,000. The property is currently leased to Life Skills Autism Academy, which specializes in providing autism treatment for children up to age 6.
On the Map
$6,310,000
$465/SF
Medical Office
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Players
Brentwood 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
2.51%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93