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Marcus & Millichap Facilitates Sale Of 10,000 Square Foot Medical Office In York For $2.9M
SOLD
$2,900,000
+ 1
Pennsylvania
See Similar DealsMedical Office10,000 SF
Sold 01/20/2025
SOLD
Marcus & Millichap Facilitates Sale Of 10,000 Square Foot Medical Office In York For $2.9M
1550 Rodney Road
See Similar DealsMedical Office10,000 SF
Sold 01/20/2025
+ 1
Summary
PENNSYLVANIA
Asset Type:Medical Office
Price Per Square Foot:$290
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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