Wickshire Senior Living Acquires Senior Housing In Fort Lauderdale For $17.3M
3201 West Commercial Boulevard, Fort Lauderdale, FL 33309, USA
$17,300,000
$56/SF
Building Size
303,992 SF
Asset Type
—
Closing
Oct 8, 2021
AI
Wickshire Senior Living has acquired a senior housing property located at 2855 West Commercial Boulevard in Fort Lauderdale. The property, spanning 18 acres, was sold by Healthpeak Properties. The sale took place on October 8, 2021, for a total price of $17,300,000.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $17,300,000
- Address: 2855 West Commercial Boulevard, Fort Lauderdale
- Market: Fort Lauderdale
- Acres: 18
The senior housing property comprises a total of 293 units, resulting in a price per unit (PPU) of $59,044. With a total area of 303,992 square feet, the sale reflects a price per square foot (PPSF) of $57.
Representing Wickshire Senior Living in the transaction was Thomas Herzog of Healthpeak Properties.
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93