Ariel Reboh Of Reboh Realty Represents Buyer In $12.15M Purchase Of Hollywood Nursing Home
1222 North 16th Avenue
$12,150,000
$464/SF
Building Size
26,152 SF
Asset Type
Nursing Home
Closing
Sep 25, 2024
AI
The property asset involved in this transaction is a nursing home located at 1222 North 16th Avenue in Hollywood. It has a total square footage of 26,152 and was sold for a transaction amount of $12,150,000, which translates to a price per square foot of $464.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $12,150,000
- Address: 1222 North 16th Avenue
- Market: Hollywood
- Square Footage: 26,152
- Price Per Square Foot: $464
- Seller: North Lake Retirement Home
- Buyer's Representative: Ariel Reboh - Reboh Realty
- Seller's Representative: John DeMarco - Re/Max
Ariel Reboh of Reboh Realty represented the buyer in this deal and played a significant role in structuring a creative transaction beneficial for the buyer and its investors. John DeMarco from Re/Max represented the seller throughout the transaction process.
Players
Hollywood Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93