Ventas Inc. Acquires Senior Housing In Jupiter For $41.2M With Buyer's Rep Peter J. Bulgarelli & Seller's Rep Stephen Schwarzman
SOLD
$41,230,000
Florida
See Similar DealsSold 02/07/2022
SOLD
Ventas Inc. Acquires Senior Housing In Jupiter For $41.2M With Buyer's Rep Peter J. Bulgarelli & Seller's Rep Stephen Schwarzman
110 Mangrove Bay Way, Jupiter, Florida 33477, United States
See Similar DealsSold 02/07/2022
Summary
FLORIDA
Transaction Type:Sale
The senior housing property located at 110 Mangrove Bay Way in Jupiter was recently sold. The property spans over 6.5 acres and is situated in a desirable market. The transaction took place on 02/07/2022.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $41,230,000
- Address: 110 Mangrove Bay Way
- Market: Jupiter
- Buyer: Ventas Inc. - Peter J. Bulgarelli
- Seller: Blackstone Group - Stephen Schwarzman
The buyer, Ventas Inc., was represented in the deal by Peter J. Bulgarelli. On the other hand, the seller, Blackstone Group, was represented by Stephen Schwarzman. The transaction involved the sale of 155 units, with each unit priced at $266,000.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,198,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$146,481.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$195,451.23
Annual Debt Service$2,345,414.81
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