Updated Aug 24, 2026
Pruthi Properties Acquires Medical Office In Chalfont From Equus Capital Partners For $12M
1600 Manor Drive
$12,000,000
$228/SF
Building Size
52,622 SF
Asset Type
Medical Office
Closing
Aug 21, 2026
About this deal
AI
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.
On the Map
$12,000,000
$228/SF
Medical Office
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Players
Manor 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93