Sila Realty Trust Inc. Acquires Hospital In Escondido For $63.4M
SOLD
California
See Similar DealsOther56,000 SF
Sold 08/09/2022
SOLD
Sila Realty Trust Inc. Acquires Hospital In Escondido For $63.4M
2181 Citracado Parkway, Escondido, California 92029, United States
See Similar DealsOther56,000 SF
Sold 08/09/2022
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$1,132
Total Square Footage:56,000 SF
Transaction Type:Sale
The property involved in this transaction is a hospital located at 2181 Citracado Parkwy in Escondido. The hospital has a total square footage of 56,000 and was sold for a price of $63,400,000, resulting in a price per square foot of $1,132.
Summary of transaction details
- Property Type: Hospital
- Transaction Amount: $63,400,000
- Square Footage: 56,000
- Address: 2181 Citracado Parkwy
- Market: Escondido
The buyer in this transaction was Sila Realty Trust Inc., represented by Michael A. Seton. The seller was Harrison Street, represented by Ben Mohns.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,381,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$225,246.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$300,548.35
Annual Debt Service$3,606,580.14
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