HR Assets Acquires Medical Facility In Lone Tree, CO For $14.8M
9218 Kimmer Drive, Lone Tree, Colorado 80124, United States
$14,800,000
$426/SF
Building Size
34,685 SF
Asset Type
—
Closing
Oct 13, 2022
About this deal
AI
A medical facility located at 9218 Kimmer Drive in Lone Tree, CO has been sold in a recent transaction. The property, with a total square footage of 34,685, was acquired by HR Assets from Park Meadows Medical LLC. The sale price for the facility was $14,800,000, resulting in a price per square foot of $427.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $14,800,000
- Address: 9218 Kimmer Drive
- Market: Lone Tree, CO
The transaction was facilitated by the brokerage firm Cushman & Wakefield, with representatives William Lucas, Stuart Thomas, and Doug Wulf assisting in the deal.
Players
Lone Tree CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93