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615 Wesley Drive, Charlesto...

JEMO - Wesley LLC Acquires Medical Office In Charleston, SC For $12.6M
SOLD

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.

Players

Charles Carmody

CBRE

Broker

$29.4M

vol

2 deals

Broker

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