Medical Properties Trust Acquires Coral Gables Medical Facility From Tenet Healthcare For $276M
3100 Douglas Road, Coral Gables, FL, USA
$276,000,000
Building Size
—
Asset Type
Other
Closing
Aug 12, 2021
About this deal
AI
A medical facility located at 3100 Douglas Road, 2541 Southwest 37th Avenue, and 9200 Northwest 11th Avenue in Coral Gables has been sold for $276,000,000. The property was purchased by Medical Properties Trust, represented by Edward K. Aldag, Jr. The seller of the facility was Tenet Healthcare.
Summary of transaction details:
- Property Type: Medical Facility
- Sale Price: $276,000,000
- Address: 3100 Douglas Road, 2541 Southwest 37th Avenue, and 9200 Northwest 11th Avenue, Coral Gables
- Market: Coral Gables
Edward K. Aldag, Jr. represented Medical Properties Trust as the buyer in this transaction. Tenet Healthcare served as the seller of the medical facility.
On the Map
$276,000,000
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93