Matthews Real Estate Investment Services Sells Medical Facility In Vestavia Hills, AL For $27.2M
1021 Montgomery Highway, Vestavia Hills, Alabama 35216, United States
$27,200,000
$680/SF
Building Size
40,000 SF
Asset Type
Other
Closing
Aug 9, 2022
About this deal
AI
A medical facility located at 1021 Montgomery Highway in Vestavia Hills, AL was recently sold in a closed transaction. The property spans 40,000 square feet and was sold for a total of $27,200,000, resulting in a price per square foot of $680.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Amount: $27,200,000
- Address: 1021 Montgomery Highway, Vestavia Hills, AL
- Market: Vestavia Hills, AL
- SF: 40,000
- PPSF: $680
The sale was facilitated by Matthews Real Estate Investment Services, who represented the parties involved in the transaction as the broker.
Players
Vestavia Hills Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93