National Real Estate Advisors And Catalyst Healthcare Acquire Multi-State Medical Offices For $420M
Naples, Florida, United States
$420,000,000
$26,250/SF
Building Size
16,000 SF
Asset Type
Single Family Residence
Closing
Jan 14, 2022
AI
A multi-state portfolio of medical offices has been sold for a total price of $420,000,000. The portfolio consists of properties located in Alabama, Arkansas, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, North Carolina, Tennessee, Texas, and Florida. The total square footage of the portfolio is 1,200,000, with an average price per square foot of $350.
Summary of transaction details:
- Property Type: Medical Offices
- Transaction Amount: $420,000,000
The buyer of the portfolio is National Real Estate Advisors LLC, represented by Jeffrey Kanne, and Catalyst Healthcare Real Estate, represented by Chad Henderson. This transaction highlights the involvement of these key individuals and companies in the acquisition of the medical office portfolio.
Players
Naples Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93