City Of Hope Acquires Cancer Treatment Centers Of America Medical Facility For $390M
SOLD
$390,000,000
Illinois
See Similar DealsOther
Sold 12/08/2021
SOLD
City Of Hope Acquires Cancer Treatment Centers Of America Medical Facility For $390M
Cancer Treatment Centers of America, Chicago - CTCA, Elisha Avenue, Zion, IL, USA
See Similar DealsOther
Sold 12/08/2021
Summary
ILLINOIS
Asset Type:Other
Transaction Type:Sale
A medical facility in Cancer Treatment Centers of America is currently under contract in Atlanta, Chicago, and Phoenix. The property is of significant value and is being purchased by the City of Hope, represented by Robert Stone. The sale price for the property is set at $390,000,000.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $390,000,000
- Date: 12/08/2021
- Market: Atlanta, Chicago & Phoenix
- Buyer: City of Hope - Robert Stone
City of Hope, represented by Robert Stone, has made a significant investment in the medical facility located in Cancer Treatment Centers of America. The transaction is currently under contract and is set to bring valuable medical services to the communities in Atlanta, Chicago, and Phoenix.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$20,800,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,385,587.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,848,798.97
Annual Debt Service$22,185,587.62
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