Strawberry Fields REIT LLC Acquires Medical Facility In East Moline For $4M
4343 Kennedy Drive, East Moline, IL, USA
$4,000,000
$7/SF
Building Size
543,193 SF
Asset Type
Other
Closing
Oct 14, 2020
About this deal
AI
A medical facility located at 4343 Kennedy Drive in East Moline was recently sold for $4,000,000. The property spans 12 acres, resulting in a price per acre of approximately $333,333. The transaction took place on October 15, 2020.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $4,000,000
- Address: 4343 Kennedy Drive, East Moline
- Market: East Moline
- Acres: 12
- Price per Acre: $333,333
The buyer in this transaction was Strawberry Fields REIT LLC.
The other sale at 4343 Kennedy Drive, East Moline, IL, USA in East Moline, Illinois sold for $4M in 2020. The building is 543,193 square feet, implying about 7 per square foot on the published price. This page is the East Moline, Illinois file for the 4343 Kennedy Drive, East Moline, IL, USA other sold: pricing, party profiles, and other closed other comps from the same East Moline sit in the Market section below. Filter that East Moline other set by closing date to see what else sold near 4343 Kennedy Drive, East Moline, IL, USA around 2020. Published consideration for 4343 Kennedy Drive, East Moline, IL, USA is $4M, dated 2020. Cite this Strawberry Fields REIT LLC Acquires Medical Facility In East Moline For $4M sale when underwriting similar other product around East Moline, Illinois.
Players
East Moline Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93