Reddy Rathnakar Patlola Acquires Medical Facility In Chicago & Oak Park, IL From Pipeline Health System
3 Erie Ct, Oak Park, Illinois 60302, United States
$92,000,000
Building Size
—
Asset Type
Other
Closing
Jun 12, 2022
About this deal
AI
A medical facility located at 3 Erie Ct & 4646 N Marine Dr in Chicago & Oak Park, IL has been sold for $92,000,000. The transaction took place on 06/13/2022.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $92,000,000
- Address: 3 Erie Ct & 4646 N Marine Dr, Chicago & Oak Park, IL
- Seller: Pipeline Health System
- Tenant: Resilience Healthcare - Manoj Prasad
- Buyer: Reddy Rathnakar Patlola - Ramco Healthcare Holdings
The buyer, Reddy Rathnakar Patlola, represented by Ramco Healthcare Holdings, acquired the medical facility from the seller, Pipeline Health System. The tenant of the property is Resilience Healthcare, represented by Manoj Prasad.
Players
Oak Park Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93