Kayne Anderson Acquires Senior Housing In Parkland For $55.7M
5999 North University Drive, Parkland, FL, USA
$55,700,000
$159/SF
Building Size
349,250 SF
Asset Type
Other
Closing
May 13, 2020
About this deal
AI
The senior housing property located at 5999 N University Dr in Parkland has been sold for $55,700,000. The property spans across 349,250 square feet and has a price per square foot of $159. It comprises of 325 units, with each unit priced at $171,384.
Summary of transaction details
- Property Type: Senior housing
- Transaction Amount: $55,700,000
- Address: 5999 N University Dr
- Market: Parkland
- Size: 349,250 sqft
- Price per Square Foot: $159
- Number of Units: 325
- Price per Unit: $171,384
The buyer in this transaction is Kayne Anderson Real Estate Advisors. They have acquired the property from the seller, Welltower, represented by Thomas J. DeRosa.
Players
Parkland Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93