Pruthi Properties Acquires Medical Office In Chalfont From Equus Capital Partners For $12M

A 52,622-square-foot medical office asset located at 1600 Manor Drive in Chalfont, Pennsylvania, has been sold for $12 million. The property is fully leased, featuring four tenants and a weighted average remaining lease term of 8.7 years.

Summary of transation details:

• Property Type: Medical Office
• Transaction Amount: $12,000,000
• Address: 1600 Manor Drive
• Market: Chalfont, PA
• Square Footage: 52,622
• Price Per Square Foot: $228
• Buyer: Pruthi Properties
• Seller: Equus Capital Partners
• Brokerage Firm: CBRE
• Brokers: Douglas Rodio, Jerome Kranzel & Bruer Kershner

This transaction involved an affiliate of Equus Capital Partners selling the surgical center at New Britain Corporate Center to Pruthi Properties, with representation from CBRE's Doug Rodio, Jerome Kranzel, and Bruer Kershner.