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.
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