Comprehensive Care Capital - Rosdev Group - Arie Friedman Acquire Banyan Place Medical Facility In Boca Raton & Lantana For $20.5M
2950 Northwest 5th Avenue, Miami, Florida 33127, United States
$20,500,000
Units
140
Asset Type
Other
Closing
Apr 25, 2022
About this deal
AI
A medical facility located at 2950 Northwest Fifth Avenue & 1021 Ridge Road in Boca Raton & Lantana has been sold for a total of $20,500,000. The property consists of 140 units, with a price per unit (PPU) of $146,429.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $20,500,000
- Units: 140
- Price Per Unit (PPU): $146,429
The buyer of the medical facility is Comprehensive Care Capital - Rosdev Group - Arie Friedman, while the seller is Banyan Place.
Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93