Sila Realty Trust Inc. Acquires Hospital In Escondido For $63.4M
2181 Citracado Parkway, Escondido, California 92029, United States
$63,400,000
$1,132/SF
Building Size
56,000 SF
Asset Type
Other
Closing
Aug 8, 2022
AI
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.
Players
Escondido 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93