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6363 Verde Trail South, Boc...

CareRite Centers Acquires Medical Facility In Boca Raton For $14.9M
SOLDOther

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

CC
CareRite CentersBuyer

Chaim Rajchenbach

Cascade Capital Partners

Seller

$47.8M

vol

2 deals

Seller

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