Updated Oct 29, 2024
O&M Investments Acquires Nursing Facility In Houston For $5.3M
15015 Cypress Woods Medical Dr, Houston, Tx 77014, Usa
$5,300,000
$17/SF
Building Size
303,134 SF
Asset Type
Other
Closing
Aug 30, 2020
About this deal
AI
A nursing facility located at 15015 Cypress Woods Medical Drive in Houston has been sold for $5,300,000. The property, owned by StoneGate Senior Living, was purchased by O&M Investments. The transaction was facilitated by Heavenrich & Co.
Summary of transaction details
- Property Type: Nursing Facility
- Transaction Amount: $5,300,000
- Address: 15015 Cypress Woods Medical Drive
- Market: Houston
O&M Investments acquired the nursing facility at 15015 Cypress Woods Medical Drive in Houston from StoneGate Senior Living for a total amount of $5,300,000. The transaction was brokered by Heavenrich & Co.
Players
Houston 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93