Updated Oct 29, 2024
KPC Group Acquires St. Vincent Medical Center And St. Francis Medical Center In $610M Hospital Sale
St Vincent Medical Center – Los Angeles, 2131 W 3rd St, Los Angeles, CA, USA
$610,000,000
Building Size
—
Asset Type
Other
Closing
Jan 17, 2019
About this deal
AI
The St. Vincent Medical Center located at 2131 W 3rd St and the St. Francis Medical Center at 3630 E Imperial Hwy in Lynwood, along with two other hospitals, were sold in a recent transaction in the Westlake market. The asset type involved in this sale was a hospital.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $610,000,000
- Buyer: KPC Group - Peter Baronoff
- Seller: Verity Health System of California Inc. - Rich Adcock
- Date: 01/18/2019
Peter Baronoff of the KPC Group served as the buyer in this transaction, while Rich Adcock represented the seller, Verity Health System of California Inc.
Los Angeles 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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93