Providence Group Acquires Nursing Facility In Concord For $20M
1050 San Miguel Road, Concord, California 94518, United States
$20,000,000
$408,163/SF
Building Size
49 SF
Asset Type
Other
Closing
Jan 8, 2023
AI
The Nursing Facility located at 1050 San Miguel Road in Concord has been sold for a price of $20,000,000. The property spans 49,000 square feet, resulting in a price per square foot of $408. It offers a total of 190 beds, with a price per bed of $105,263. The transaction took place on January 9, 2023.
Summary of transaction details:
- Property Type: Nursing Facility
- Transaction Amount: $20,000,000
- Address: 1050 San Miguel Road, Concord
- Market: Concord
The buyer in this transaction is Providence Group, represented by Jason Murray. The seller is San Miguel Family Holdings, owned by Mark & Linda Callaway.
Concord Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93