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CareTrust REIT Acquires 77-Unit Villas At San Bernardino Senior Care Facility For $10.76M
SOLD
$10,760,000
California
See Similar DealsSenior Housing43,197 SF
Sold 01/23/2024
SOLD
CareTrust REIT Acquires 77-Unit Villas At San Bernardino Senior Care Facility For $10.76M
2985 North G Street
See Similar DealsSenior Housing43,197 SF
Sold 01/23/2024
Summary
CALIFORNIA
Asset Type:Senior Housing
Price Per Square Foot:$249
Total Square Footage:43,197 SF
Transaction Type:Sale
CareTrust REIT recently acquired the 77-unit Villas at San Bernardino senior care facility for $10.76 million. The property offers memory care and assisted living services and is located near the 210 Freeway and Interstate 215 in San Bernardino.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $10,760,000
- Units: 77
- Price per Unit: $139,740
- Square Footage: 43,197
- Price per Square Foot: $249
- Market: San Bernardino
- Buyer: Dave Sedgwick - CareTrust REIT
- Seller: Daniel Brazeau
- Date: 01/23/2024
The buyer, Dave Sedgwick, represented CareTrust REIT in the acquisition of the Villas at San Bernardino senior care facility. The seller of the property was Daniel Brazeau.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$573,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,228.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,007.89
Annual Debt Service$612,094.67
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