Boyd Watterson Asset Management Acquires Medical Office In Sunrise For $38.15M
SOLD
$38,150,000
Florida
See Similar Deals110 SF
Sold 01/18/2023
SOLD
Boyd Watterson Asset Management Acquires Medical Office In Sunrise For $38.15M
9800 West Commercial Boulevard, Sunrise, Florida 33351, United States
See Similar Deals110 SF
Sold 01/18/2023
Summary
FLORIDA
Price Per Square Foot:$346,818
Total Square Footage:110 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,034,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,538.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,850.46
Annual Debt Service$2,170,205.56
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