The Elizabeth Hospice Acquires Medical Office In Escondido, CA For $8.1M
800 West Valley Parkway, Escondido, California 92025, United States
$8,100,000
$300,000/SF
Building Size
27 SF
Asset Type
—
Closing
Dec 12, 2022
AI
The sale of a medical office property located at 800 W Valley Pkwy in Escondido, CA has been finalized. The property spans approximately 27,000 square feet and was sold for a total price of $8,100,000, resulting in a price per square foot of $300.
Summary of transaction details:
- Property Type: Medical Office
- Sale Price: $8,100,000
- Square Footage: 27,000
- Address: 800 W Valley Pkwy, Escondido, CA
- Market: Escondido, CA
The buyer in this transaction is The Elizabeth Hospice. They were represented by Don Zech, Nick Zech, and Matt Orth from CDC Commercial. The seller was represented by Peter Curry, Mark Avilla, Bob Cowan, and Matty Sundberg from Cushman & Wakefield.
Players
Escondido CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93