Updated Oct 28, 2024
Links Healthcare Group Acquires Medical Facility In San Jose For $40M
1555 Petersen Avenue, San Jose, California 95129, United States
$40,000,000
Building Size
—
Asset Type
Other
Closing
Oct 26, 2022
About this deal
AI
A medical facility located at 1555 & 1601 Petersen Avenue in San Jose, CA has been sold for a whopping $40,000,000. The facility houses 318 beds and was acquired by Links Healthcare Group, represented by Toby Tilford. The seller of the property was Frederick Stamm, who owns Stamm Care Homes. The deal was financed by forbright''>Forbright Bank.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $40,000,000
- Address: 1555 & 1601 Petersen Avenue, San Jose, CA
- Market: San Jose, CA
- Buyer: Links Healthcare Group - Toby Tilford
- Seller: Frederick Stamm - Stamm Care Homes
- Lender: Forbright Bank
- Beds: 318
- Price Per Bed (PPB): $12,578
This transaction highlights the significant involvement of key individuals in the deal, including Toby Tilford representing Links Healthcare Group as the buyer's representative and Frederick Stamm as the seller. The successful sale of the medical facility marks a significant milestone for both parties involved.
On the Map
$40,000,000
Other
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Players
San Jose Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93