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
Los Angeles 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93