Mike Hooper Acquires Healthcare Property In Debary From Timothy Poppell And Dr. Timothy A. Glomb For $2.25M
Debary Drive
$2,250,000
$187/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Nov 13, 2024
AI
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.
Players
De Bary 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93