Medical Properties Trust Acquires Medical Facility In Hialeah For $133.7M
651 East 25th Street, Hialeah, FL 33013
$133,700,000
$41,794/SF
Building Size
3,199 SF
Asset Type
Other
Closing
Aug 23, 2020
About this deal
AI
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.
On the Map
$133,700,000
$41,794/SF
Other
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Players
Hialeah 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93