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1550 Rodney Road

Marcus & Millichap Facilitates Sale Of 10,000 Square Foot Medical Office In York For $2.9M
SOLDMedical Office

Marcus & Millichap Facilitates Sale Of 10,000 Square Foot Medical Office In York For $2.9M

1550 Rodney Road

$2,900,000

$290/SF

Building Size

10,000 SF

Asset Type

Medical Office

Closing

Jan 20, 2025

AI

A medical office building located at 1550 Rodney Road in York, Pennsylvania was sold for $2,900,000. The property encompasses 10,000 square feet and is leased to the University of Pittsburgh Medical Center. The price per square foot for the transaction was $290.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $2,900,000
  • Square Footage: 10,000
  • Price per Square Foot: $290
  • Address: 1550 Rodney Road
  • Market: York, PA

The transaction was facilitated by brokers Chris Biuso, Rory Shelby, Scott Gould, and Spencer Koch, all representing Marcus & Millichap. The identities of both the seller and buyer remain undisclosed in this transaction.

Players

Scott Gould

Marcus & Millichap

Broker

$113M

vol

8 deals

Broker

York 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93