United HomeCare Sells Assisted Living Facility In West Kendall For $16.5M
9355 SW 158th Ave, Miami, FL 33196, USA
$16,500,000
$188/SF
Building Size
87,674 SF
Asset Type
Other
Closing
Nov 19, 2019
About this deal
AI
United HomeCare has sold an assisted living property located at 9355 SW 158th Ave in West Kendall. The transaction, which took place on November 20, 2019, involved the sale of the property to 9355 Miami LLC for a total price of $16,500,000. The property spans an area of 87,674 square feet and has a price per square foot of $188. The building consists of 122 units, with a price per unit of $135,245.
Summary of transaction details
- Property Type: Assisted Living
- Transaction Amount: $16,500,000
- Address: 9355 SW 158th Ave, West Kendall
- Market: West Kendall
Eduardo Avila and Hector Fernandez-Rousselon served as brokers in the deal, representing the seller, United HomeCare. Carlos Martinez represented the buyer, 9355 Miami LLC. The transaction marks an important milestone in the assisted living market in West Kendall.
On the Map
$16,500,000
$188/SF
Other
View full map
Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Visit Carlos Martinez to view all their deals.
Browse Florida other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93