JEMO - Wesley LLC Acquires Medical Office In Charleston, SC For $12.6M
615 Wesley Drive, Charleston, South Carolina 29407, United States
$12,600,000
$410/SF
Building Size
30,677 SF
Asset Type
—
Closing
Dec 14, 2021
AI
A medical office located at 615 Wesley Drive in Charleston, SC was recently sold in a transaction on December 15, 2021. The property, spanning 30,677 square feet, was acquired by JEMO – Wesley LLC for a total price of $12,600,000. The sale price per square foot was calculated at $411.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $12,600,000
- Square Footage: 30,677 sqft
- Price per Square Foot: $411
- Address: 615 Wesley Drive, Charleston, SC
- Market: Charleston, SC
The sale of this medical office was facilitated by Charles Carmody and Ryan Carmody of CBRE, who represented the seller in the transaction.
Charleston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93