Alta Senior Living Acquires Senior Housing In Tequesta For $12.3M

400 US Route 1, Jupiter, Florida 33469, United States

$12,300,000

$149/SF

Building Size

82,210 SF

Asset Type

—

Closing

Jan 5, 2022

AI

The senior housing property located at 400 N US 1 in Tequesta has been sold. The property spans an area of 2.82 acres and is known for its senior living facilities.

Summary of transaction details

Property Type: Senior Housing
Transaction Amount: $12,300,000
Units: 106
Price per Unit: $116,038
Square Footage: 82,210
Price per Square Foot: $150
Date: 01/06/2022
Market: Tequesta

The buyer of the property is Alta Senior Living, while the seller was Kate Heaton - A.L Investment, Mark P. Mitchell & Gerald A. Goray.

Players

AL

Alta Senior LivingBuyer

Tequesta 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

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93