Arabella Health & Wellness Acquires West Hill Health & Rehab Hospital In Bessemer For $9.01M
1028 Bessemer Road
$9,010,000
$195/SF
Building Size
46,000 SF
Asset Type
Hospital
Closing
Aug 25, 2023
About this deal
AI
The property located at 1028 Bessemer Road in Birmingham, AL has been sold for a total of $9,010,000. This property is a hospital with an area of 3.46 acres. The transaction took place on August 25, 2023.
Summary of transaction details
- Property Type: Hospital
- Transaction Amount: $9,010,000
- Square Footage: 46,000 sqft
- Price per Square Foot: $196
- Address: 1028 Bessemer Road, Birmingham, AL
- Market: Birmingham, AL
The buyer of the property is Arabella Health & Wellness, while the seller is Birmingham Health & Rehab LLC. The property houses the West Hill Health & Rehab, a 163-bed skilled nursing facility located in Bessemer. The sale of this property marks a change in ownership, with Arabella Health & Wellness acquiring the hospital for $9.01 million.
Please note that there is no additional information available at this time.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93