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937 Riverwalk Parkway

Flagship Healthcare Properties Acquires Rock Hill Medical Office Building For $4.7M
SOLDMedical Office

Flagship Healthcare Properties Acquires Rock Hill Medical Office Building For $4.7M

937 Riverwalk Parkway

$4,700,000

$278/SF

Building Size

16,904 SF

Asset Type

Medical Office

Closing

Aug 29, 2023

AI

Flagship Healthcare Properties has expanded its Charlotte-area portfolio with the acquisition of a 16,904-square-foot medical office building in Rock Hill, South Carolina. The property, located at 937 Riverwalk Parkway, was purchased for a price of $4,700,000, resulting in a price per square foot of $278.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $4,700,000
  • Square Footage: 16,904
  • Address: 937 Riverwalk Parkway, Rock Hill, SC
  • Market: Rock Hill, SC

Gerald Quattlebaum, representing Flagship Healthcare Properties, facilitated the purchase of the medical office building. This acquisition further strengthens the company's presence in the Charlotte area, showcasing their commitment to expanding their healthcare real estate portfolio.

Players

Gerald Quattlebaum

Flagship Healthcare Properties

Buyer

$11.5M

vol

2 deals

Buyer

Rock Hill 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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93