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3201 West Commercial Boulev...

Wickshire Senior Living Acquires Senior Housing In Fort Lauderdale For $17.3M
SOLD

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.

Players

Thomas M. Herzog

Healthpeak Properties

Seller

$292.4M

vol

7 deals

Seller

Fort Lauderdale 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

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93