Medical Properties Trust Acquires Hialeah Medical Facility For $315M
7100 West 20th Avenue, Hialeah, FL, USA
$315,000,000
Building Size
—
Asset Type
Other
Closing
Aug 15, 2021
About this deal
AI
A medical facility located at 7100 West 20th Avenue, 7160 West 20th Avenue, and 2001 West 68th Street in Hialeah has been sold for a total of $315,000,000. The property was acquired by Medical Properties Trust, represented by Edward K. Aldag Jr. The seller of the facility was Tenet Healthcare, with Ronald Rittenmeyer representing them in the transaction.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $315,000,000
- Address: 7100 West 20th Avenue, 7160 West 20th Avenue & 2001 West 68th Street, Hialeah
- Market: Hialeah
Edward K. Aldag Jr., representing Medical Properties Trust, successfully acquired the medical facility from Tenet Healthcare, with Ronald Rittenmeyer acting as the seller's representative. This transaction marks a significant deal in the medical property market, showcasing the investment potential in the Hialeah area.
On the Map
$315,000,000
Other
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Hialeah Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93