Transactions: 1031 Buyers Pay $14.1 Million for MOB in Charlotte Suburb

MINT HILL, N.C. – A New York-based 1031 exchange investment group recently paid $14.1 million for a 42,300 square foot medical facility in Mint Hill, a Charlotte, N.C., suburb. That price works out to about $334 PSF.

According to news reports, the seller was the developer of the building, Mint Hill-based Sageworth Properties LLC. Glen Kunofsky and Judson Kauffman of the Manhattan office of Marcus & Millichap, as well as Allen Smith, of the company’s Charlotte Uptown office, represented the seller. Mr. Kunofsky and Russell Wachtler, also in the Manhattan office, represented the buyer.

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