Complete Care Management Acquires Nursing Facility In Chicago For $24.6M
4920 North Kenmore Avenue, Chicago, IL 60640, USA
$24,600,000
$3,280/SF
Building Size
7,500 SF
Asset Type
Other
Closing
Aug 2, 2020
AI
A nursing facility located at 4920 North Kenmore Avenue in Chicago has been sold to Complete Care Management, represented by Sam Stein, for a total price of $24,600,000. The facility consists of 300 beds, resulting in a price per bed (PPB) of $82,000.
Summary of transaction details
- Property Type: Nursing Facility
- Transaction Amount: $24,600,000
Sam Stein of Complete Care Management acted as the buyer in this transaction, while the seller was Arba Group.
Players
Chicago Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93