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
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