CareRite Centers Acquires Medical Facility In Miami From Del Sol Realty Holdings LLC For $35M
SOLD
$35,000,000
Florida
See Similar Deals62,867 SF
Sold 07/19/2020
SOLD
CareRite Centers Acquires Medical Facility In Miami From Del Sol Realty Holdings LLC For $35M
9869 Southwest 152nd Street, Miami, FL 33157, USA
See Similar Deals62,867 SF
Sold 07/19/2020
Summary
FLORIDA
Price Per Square Foot:$556
Total Square Footage:62,867 SF
Transaction Type:Sale
A medical facility located at 9869 SW 152nd St. in Miami was recently sold for $35,000,000. The property offers 180 beds, resulting in a price per bed of $194,444. Situated on 5.9 acres, the facility has an average price per acre of $5,932,203.
Summary of transation details
- Property Type: Medical Facility
- Transaction Amount: $35,000,000
- Address: 9869 SW 152nd St.
- Market: Miami
- Beds: 180
- Price per Bed: $194,444
- Acres: 5.9
- Price per Acre: $5,932,203
CareRite Centers purchased the medical facility from Del Sol Realty Holdings LLC in this transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27
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