PrivCap Companies Acquires Assisted Living Facility In Margate For $7M
6810 Southwest 7th Street, Margate, FL, USA
$7,000,000
$116/SF
Building Size
60,354 SF
Asset Type
Other
Closing
Oct 27, 2020
About this deal
AI
An assisted living facility located at 6810 Southwest 7th Street in Margate has been sold. The transaction took place on October 28, 2020, and the property was purchased for a total price of $7,000,000. The buyer in this deal was PrivCap Companies represented by Donny Cohen, while the seller was Bessli Capital Partners represented by Noah Slimak. The facility consists of 111 units and the price per unit was approximately $63,063.
Summary of transation details
- Property Type: Assisted Living Facility
- Transaction Amount: $7,000,000
- Price per Unit: $63,063
- Address: 6810 Southwest 7th Street
- Market: Margate
Donny Cohen from PrivCap Companies and Noah Slimak from Bessli Capital Partners were the key individuals representing their respective companies in this transaction. The deal demonstrates a significant investment in the assisted living facility market within Margate.
Margate 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93