JLL Income Property Trust Acquires Wesley Chapel Medical Office For $8.5M
SOLD
$8,500,000
Florida
See Similar DealsOffice13,000 SF
Sold 12/14/2021
SOLD
JLL Income Property Trust Acquires Wesley Chapel Medical Office For $8.5M
2407 Cypress Ridge Boulevard, Wesley Chapel, FL 33544
See Similar DealsOffice13,000 SF
Sold 12/14/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$653
Total Square Footage:13,000 SF
Transaction Type:Sale
The medical office located at 2407 Cypress Ridge Boulevard in Wesley Chapel has been sold for a price of $8,500,000. The property spans across 13,000 square feet and has a price per square foot of $654.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $8,500,000
- Address: 2407 Cypress Ridge Boulevard
- Market: Wesley Chapel
- Buyer: JLL Income Property Trust - Allan Swaringen
The buyer in this transaction is JLL Income Property Trust, represented by Allan Swaringen. No further details about the transaction have been provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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