Fairfield Advisors Represents Sale Of Medical Office In Newburgh, Ind For $88M
SOLD
$88,000,000
Indiana
See Similar DealsOffice136,000 SF
Sold 07/09/2021
SOLD
Fairfield Advisors Represents Sale Of Medical Office In Newburgh, Ind For $88M
10388 Warrick Trail, Newburgh, IN, USA
See Similar DealsOffice136,000 SF
Sold 07/09/2021
Summary
INDIANA
Asset Type:Office
Price Per Square Foot:$647
Total Square Footage:136,000 SF
Transaction Type:Sale
The medical office located at 10388 Warrick Trail in Newburgh, Ind has been sold in a transaction dated 07/09/2021. The property, spanning 136,000 square feet, was sold for a total price of $88,000,000, resulting in a price per square foot of $647.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $88,000,000
- Address: 10388 Warrick Trail, Newburgh, Ind
- Square Footage: 136,000
- Market: Newburgh, Ind
The sale of this medical office was facilitated by Greg Trainor and Ben Whitney from Fairfield Advisors, representing the involved parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$312,645.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$417,164.90
Annual Debt Service$5,005,978.75
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