Medical Properties Trust Acquires Medical Facility In Hialeah For $133.7M
SOLD
$133,700,000
Florida
See Similar DealsOther3,199 SF
Sold 08/23/2020
SOLD
Medical Properties Trust Acquires Medical Facility In Hialeah For $133.7M
651 East 25th Street, Hialeah, FL 33013
See Similar DealsOther3,199 SF
Sold 08/23/2020
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$41,794
Total Square Footage:3,199 SF
Transaction Type:Sale
An undisclosed medical facility located at 651 East 25th Street in Hialeah has been sold in a recent transaction. The property, consisting of 378 beds, was acquired by Medical Properties Trust for a total sale price of $133,700,000. The purchase price per bed comes out to be approximately $353,704. The seller of the property was Tenet Healthcare.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $133,700,000
- Address: 651 East 25th Street, Hialeah
- Market: Hialeah
Leading the purchase was Medical Properties Trust, with Edward K. Aldag, Jr. representing the company. On the selling side, Tenet Healthcare facilitated the transaction. Both parties played crucial roles in finalizing the deal.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$475,007.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$633,806.21
Annual Debt Service$7,605,674.53
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