Boyd Watterson Asset Management Acquires Medical Office In Sunrise For $38.15M
9800 West Commercial Boulevard, Sunrise, Florida 33351, United States
$38,150,000
$346,818/SF
Building Size
110 SF
Asset Type
—
Closing
Jan 18, 2023
AI
The Medical Office located at 9800 West Commercial Blvd in Sunrise has been sold in a closed transaction. The property spans 9.3 acres and is situated in the Sunrise market. The transaction took place on 01/18/2023.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $38,150,000
- Square Footage: 110,714
- Price per Square Foot: $345
- Address: 9800 West Commercial Blvd
- Market: Sunrise
The buyer, Boyd Watterson Asset Management, represented by Brian Gevry, acquired the property. The seller in this transaction was Healthcare Realty Trust.
Note: Image credit goes to Brian Gevry.
Players
Tamarac 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93