Greenville MOB Sold at 8% Cap Rate


HealthCap Partners, a Texas-based healthcare real estate development and investment firm, purchased the medical office building at 65 International Dr. in Greenville, SC from Eastside Medical Holdings LLC for $6.75 million, or about $218 per square foot. According to Loopnet, the net operating income was $541,000, which indicates a cap rate of 8%.

The 30,924-square-foot building was constructed in 1999 on 5.13 acres just off I-385 between Patewood and Marcus Drives. It was fully occupied at the time of sale to GHS Cancer Institute.

Tyson Smoak and Ross Kester of NAI Earle Furman represented the seller. The buyer hanlded the sale in-house.

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