Portopiccolo Group Acquires Westchester Of Sunrise Assisted Living For $26.66M
9701 West Oakland Park Boulevard
$26,660,000
$208/SF
Building Size
127,846 SF
Asset Type
Senior Housing
Closing
Jan 24, 2024
AI
Todd Meredith of Healthcare Realty Trust sold The Westchester of Sunrise assisted living facility in Florida for $26.66 million. The sale was part of a larger portfolio deal, with the buyer being Simcha Hyman from Portopiccolo Group. The property, located at 9701 West Oakland Park Boulevard, covers an area of 9 acres in the Sunrise market. The facility offers senior housing and has a total square footage of 127,846. The price per square foot was $209.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $26,660,000
- Address: 9701 West Oakland Park Boulevard
- Market: Sunrise
- Acres: 9
Simcha Hyman, representing Portopiccolo Group, acted as the buyer in this transaction. Todd Meredith, from Healthcare Realty Trust, was the seller. The deal was financed by Oxford Finance. It is important to note that the sale of The Westchester of Sunrise was part of a larger portfolio deal, and Portopiccolo Group acquired it with the support of Oxford Finance.
Players
Sunrise Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93