CareRite Centers Acquires Medical Facility In Boca Raton For $14.9M
6363 Verde Trail South, Boca Raton, FL 33433
$14,900,000
$185/SF
Building Size
80,275 SF
Asset Type
Other
Closing
Nov 18, 2021
AI
On November 18, 2021, a medical facility located at 6363 Verde Trail South in Boca Raton was sold for $14,900,000. Spanning across 8.37 acres, this property offers a total of 180 rooms with a price per room of $82,778. The facility measures 80,275 square feet, resulting in a price per square foot of $186. The transaction involved the buyer, CareRite Centers, and the seller, Cascade Capital Partners, represented by Chaim Rajchenbach and Menachem “Nachy” Shabat.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Amount: $14,900,000
- Address: 6363 Verde Trail South
- Market: Boca Raton
- Acres: 8.37
- Rooms: 180
- Price per Room: $82,778
- Square Feet: 80,275
- Price per Square Foot: $186
The transaction was facilitated with a loan amount of $31,520,000 provided by VNB New York LLC. It is worth noting that this article does not provide any additional information regarding the deal.
Players
Boca Raton 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93