RSR Senior Residences Acquires Senior Housing Property In Margate For $16M
5850 Margate Boulevard, Margate, Florida 33063, United States
$16,000,000
Units
140
Asset Type
—
Closing
Mar 6, 2022
About this deal
AI
The senior housing property located at 5850 Margate Blvd in Margate was recently sold in a transaction. The property consists of 140 units and was sold for a price of $16,000,000. This translates to an average price per unit of $114,286.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $16,000,000
- Address: 5850 Margate Blvd
- Market: Margate
- Units: 140
- Price per Unit: $114,286
The buyer of the property is RSR Senior Residences, and they were represented by their broker. The seller of the property is Yanir Shmaryou. The lender involved in the transaction is Old Second National Bank.
On the Map
$16,000,000
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Players
Margate 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93