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2100 W 3rd St, Downtown Los...

Healthcare Trust Of America Acquires Downtown Hospital For $85M
SOLDOther

Healthcare Trust Of America Acquires Downtown Hospital For $85M

2100 W 3rd St, Downtown Los Angeles, Los Angeles, CA, USA

$85,000,000

$578/SF

Building Size

147,000 SF

Asset Type

Other

Closing

Sep 10, 2019

AI

The hospital located at 2100 W. 3rd St in Downtown has been sold in a transaction worth $85,000,000. The property spans across 147,000 square feet, resulting in a price per square foot of $578. The seller of the hospital was Stockdale Capital Partners, while Healthcare Trust of America, Inc. acted as the buyer. The deal was facilitated by Chris Bodnar, Lee Asher, Ryan Lindsley, Sabrina Solomiany, Angie Weber, and Dana Nialis from CBRE.

Summary of transaction details:

  • Property Type: Hospital
  • Transaction Amount: $85,000,000
  • Address: 2100 W. 3rd St
  • Market: Downtown

The hospital sale was successfully orchestrated by the team at CBRE, including Chris Bodnar, Lee Asher, Ryan Lindsley, Sabrina Solomiany, Angie Weber, and Dana Nialis. Their expertise and representation of both the seller, Stockdale Capital Partners, and the buyer, Healthcare Trust of America, Inc., ensured a smooth transaction.

Players

Christopher Bodnar

CBRE

Broker

$2.6B

vol

24 deals

Broker
HI
Healthcare Trust of America IncBuyer

Los Angeles 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93