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1222 North 16th Avenue

Ariel Reboh Of Reboh Realty Represents Buyer In $12.15M Purchase Of Hollywood Nursing Home
SOLDNursing Home

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

John DeMarco

Re/Max

Broker

$54.2M

vol

5 deals

Broker

Hollywood Nursing Home Market Snapshot

Boundary boundary · Nursing Home · Sale transactions

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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