Validus Senior Living Acquires Senior Housing In Dunedin, Pinellas Park & Largo For $61.5M
880 Patricia Avenue, Dunedin, Florida 34698, United States
$61,500,000
Building Size
—
Asset Type
—
Closing
Oct 17, 2022
About this deal
AI
The senior housing property located at 880 Patricia Ave, 8980 49th St N & 750 Starkey Rd in Dunedin, Pinellas Park, and Largo has been sold for a total price of $61,500,000. The transaction took place on October 18, 2022.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $61,500,000
- Market: Dunedin, Pinellas Park & Largo
The buyer of the property is Validus Senior Living, while the seller is ValStone Partners, represented by Eric Abel.
The commercial sale at 880 Patricia Avenue, Dunedin, Florida 34698, United States in Palm Harbor, Florida sold for $61.5M in 2022. Eric Abel, ValStone Partners appear on the sale alongside ValStone Partners. This page is the Palm Harbor, Florida file for the 880 Patricia Avenue, Dunedin, Florida 34698, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Palm Harbor sit in the Market section below. Filter that Palm Harbor commercial set by closing date to see what else sold near 880 Patricia Avenue, Dunedin, Florida 34698, United States around 2022. Published consideration for 880 Patricia Avenue, Dunedin, Florida 34698, United States is $61.5M, dated 2022. Cite this Validus Senior Living Acquires Senior Housing In Dunedin, Pinellas Park & Largo For $61.5M sale when underwriting similar commercial product around Palm Harbor, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93