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
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.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93