SOLD
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
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.
Players
Palm Harbor 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93