Fairfield Advisors Represents Sale Of Medical Office In Newburgh, Ind For $88M
10388 Warrick Trail, Newburgh, IN, USA
$88,000,000
$647/SF
Building Size
136,000 SF
Asset Type
Office
Closing
Jul 9, 2021
About this deal
AI
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.
Players
Newburgh Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Ben Whitney to view all their deals.
Browse Indiana office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93