Medical Properties Trust Acquires Medical Office In Broward, FL For $171M
5000 West Oakland Park Boulevard, Lauderdale Lakes, Broward, FL, USA
$171,000,000
Building Size
—
Asset Type
Office
Closing
Aug 10, 2020
About this deal
AI
The medical office property located at 5000, 4900 & 4850 West Oakland Park Boulevard in Broward, FL has been sold for a total of $171,000,000. The property features 459 beds and a price per bed (PPB) of $372,549. The buyer in this transaction is Medical Properties Trust, represented by Edward K. Aldag Jr.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $171,000,000
- Address: 5000, 4900 & 4850 West Oakland Park Boulevard, Broward, FL
- Market: Broward, FL
Edward K. Aldag Jr. represented Medical Properties Trust in this deal. The sale of this medical office property for a significant amount demonstrates the strong demand and investment potential in the Broward, FL market.
On the Map
$171,000,000
Office
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Lauderdale Lakes Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93