Updated Dec 4, 2024
Jeffrey Vegh & Joe Schiff Of Forest Healthcare Properties Facilitate $126M Nursing Home Sale Across Florida
3636 10th Avenue North, 900 Beckett Way, 2302 59th Street West, 1099 West Town Parkway, 8132 Hudson Avenue, 4783 Fruitville Road, 3033 Sarno Road & 2511 John Young Parkway
$126,000,000
Building Size
—
Asset Type
Nursing Home
Closing
Jul 15, 2024
About this deal
AI
The transaction involves nursing home properties located at 3636 10th Avenue, 900 Beckett Way, 2302 59th Street, 1099 West Town Parkway, 8132 Hudson Avenue, 4783 Fruitville Road, 3033 Sarno Road, and 2511 John Young Parkway. The total transaction amount is $126,000,000, and the properties are situated in various markets including St Petersburg, Tarpon Springs, Bradenton, Altamonte Springs, Hudson, Sarasota, Melbourne, and Kissimmee.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $126,000,000
- Addresses: 3636 10th Avenue, 900 Beckett Way, 2302 59th Street, 1099 West Town Parkway, 8132 Hudson Avenue, 4783 Fruitville Road, 3033 Sarno Road, 2511 John Young Parkway
- Market: St Petersburg, Tarpon Springs, Bradenton, Altamonte Springs, Hudson, Sarasota, Melbourne, Kissimmee
- Brokers: Jeffrey Vegh & Joe Schiff - Forest Healthcare Properties
Jeffrey Vegh and Joe Schiff represented the broker agency Forest Healthcare Properties in this transaction, facilitating the sale of the nursing home assets. Their involvement underscores the collaboration between experienced professionals in the healthcare real estate sector.
Players
Saint Petersburg 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93