Venture Services Acquires Nursing Facility In Hialeah Gardens For $43.16M
8333 Okeechobee Road, Hialeah Gardens, Florida 33016, United States
$43,160,000
$662/SF
Building Size
65,132 SF
Asset Type
Other
Closing
Nov 7, 2022
About this deal
AI
A nursing facility located at 8333 W Okeechobee Road in Hialeah Gardens has been sold. The property spans across 1.97 acres in the market. The transaction took place on 11/08/2022, and the sale was facilitated by Bent Philipson.
Summary of transation details
- Property Type: Nursing Facility
- Transaction Amount: $43,160,000
- Address: 8333 W Okeechobee Road, Hialeah Gardens
- Market: Hialeah Gardens
- Buyer: Venture Services - Andrew Bronfield; Philosopy Care Center - Bent Philipson; Naomi Tessler
- Seller: Ira Smedra - Arba Group
- Units: 214
- Price Per Unit (PPU): $201,682
- Square Footage: 65,132
Andrew Bronfield from Venture Services, Bent Philipson from Philosopy Care Center, and Naomi Tessler were the buyers involved in the transaction. Ira Smedra represented the seller, Arba Group. The sale price for the nursing facility was $43,160,000, with a price per square foot of $663.
On the Map
$43,160,000
$662/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93