Fortress Investment Group Acquires Senior Facility In Coconut Creek For $11.9M
4175 West Sample Road, Coconut Creek, FL, USA
$11,900,000
$440/SF
Building Size
27,020 SF
Asset Type
Other
Closing
May 6, 2021
About this deal
AI
An $11.9 million senior facility located at 4175 West Sample Road in Coconut Creek has been sold in a recent transaction. The property spans across 6.6 acres and consists of 94 units. The price per unit is approximately $126,596, and the price per acre is around $1,803,030. The transaction took place on May 7, 2021, involving buyers Fortress Investment Group represented by Wesley Edens and Peter Briger, and the seller Healthpeak Properties represented by Thomas Herzog.
Summary of transaction details
- Property Type: Senior Facility
- Transaction Amount: $11,900,000
- Address: 4175 West Sample Road, Coconut Creek
- Market: Coconut Creek
- Buyer: Fortress Investment Group - Wesley Edens & Peter Briger
- Seller: Healthpeak Properties - Thomas Herzog
- Units: 94
- Price per Unit (PPU): $126,596
- Acres: 6.6
- Price per Acre (PPA): $1,803,030
The buyer of the senior facility, Fortress Investment Group, was represented by Wesley Edens and Peter Briger. On the other hand, Healthpeak Properties, the seller, was represented by Thomas Herzog. This transaction involving these key individuals and companies highlights the successful sale of the senior facility in Coconut Creek.
On the Map
$11,900,000
$440/SF
Other
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Players
Coconut Creek 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93