NorthWest Healthcare Properties REIT Acquires Medical Facility In Juno Beach From Harrison Street Real Estate For $25.4M
13211 US Highway 1, Juno Beach, Florida 33408, United States
$25,400,000
$401/SF
Building Size
63,209 SF
Asset Type
Other
Closing
Apr 27, 2022
AI
A medical facility located at 13211 US Highway 1 in Juno Beach has been sold for a total price of $25,400,000. The property spans 63,209 square feet, resulting in a price per square foot of $402. The sale took place on April 28, 2022, and the buyer of the facility was NorthWest Healthcare Properties REIT, represented by Paul Dalla Lana. The seller of the property was Harrison Street Real Estate.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Amount: $25,400,000
- Address: 13211 US Highway 1, Juno Beach
- Market: Juno Beach
- Buyer: NorthWest Healthcare Properties REIT - Paul Dalla Lana
- Seller: Harrison Street Real Estate
Paul Dalla Lana, representing NorthWest Healthcare Properties REIT, played a vital role in the transaction as the buyer's representative. This sale marks a significant transaction in the Juno Beach medical facility market, with the property offering a substantial square footage and a relatively high price per square foot.
Players
Juno Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93