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John LaHood Of The Fellowship Family Acquires Senior Housing At 1900 Amelia Trace Court For $9.13M
SOLD
$9,130,000
Florida
See Similar DealsSenior Housing
Sold 05/05/2025
SOLD
John LaHood Of The Fellowship Family Acquires Senior Housing At 1900 Amelia Trace Court For $9.13M
1900 Amelia Trace Court
See Similar DealsSenior Housing
Sold 05/05/2025
Summary
FLORIDA
Asset Type:Senior Housing
Transaction Type:Sale
The property asset involved in the transaction is a senior housing facility located at 1900 Amelia Trace Court in Fernandina Beach. The sale price for the asset was $9,130,000. The facility is set to be rebranded as Fellowship Amelia Island following the acquisition.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $9,130,000
- Buyer: John LaHood - The Fellowship Family
- Seller: Dennis L. Wagner - Senior Living Management Corporation
- Date of Sale: April 30, 2025
This transaction represents the expansion of The Fellowship Family, marking their seventh assisted living and memory care location in Georgia and Florida. Dennis L. Wagner, who sold the property, is associated with Senior Living Management Corporation.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$486,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,436.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,280.86
Annual Debt Service$519,370.29
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