Mike Hooper Acquires Healthcare Property In Debary From Timothy Poppell And Dr. Timothy A. Glomb For $2.25M
SOLD
$2,250,000
+ 1
Florida
See Similar DealsOffice12,000 SF
Sold 11/13/2024
SOLD
Mike Hooper Acquires Healthcare Property In Debary From Timothy Poppell And Dr. Timothy A. Glomb For $2.25M
Debary Drive
See Similar DealsOffice12,000 SF
Sold 11/13/2024
+ 1
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$187
Total Square Footage:12,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a healthcare facility located at 2808 Enterprise Road in Debary. The sale price was $2,250,000, and the facility encompasses 12,000 square feet, resulting in a price per square foot of $187.
Summary of transaction details:
- Property Type: Healthcare
- Transaction Amount: $2,250,000
- Address: 2808 Enterprise Road
- Market: Debary
- Square Footage: 12,000
- Price Per Square Foot: $187
- Buyer: Mike Hooper
- Seller: Timothy Poppell & Dr. Timothy A. Glomb
- Brokers: Jake Allen, Michael Moreno, Rahul Chhajed & Ryan Burke - Matthews Real Estate Investment Services
This transaction involved key individuals including the buyer, Mike Hooper, and the sellers, Timothy Poppell and Dr. Timothy A. Glomb. The brokerage team representing the transaction comprised of Jake Allen, Michael Moreno, Rahul Chhajed, and Ryan Burke from Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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