Physician Real Estate Capital Advisors Acquires Medical Office In Waterloo, Iowa For $16.4M
419 East Donald Street, Waterloo, Iowa 50703, United States
$16,410,000
$542/SF
Building Size
30,235 SF
Asset Type
—
Closing
Jun 30, 2022
About this deal
AI
Located in Waterloo, Iowa, a medical office property at 419 Donald Street & 2413 West Ridgeway recently changed hands in a closed sale transaction. The property, spanning 30,235 square feet, was sold for a total price of $16,410,000, resulting in an average price per square foot of $543.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $16,410,000
- Square Footage: 30,235
- Market: Waterloo, Iowa
The sale was facilitated by Scott Niedergang, representing Physician Real Estate Capital Advisors (PRECAP) and JDS Real Estate Services, Inc. Scott Niedergang acted as the broker in this transaction, connecting the buyer and seller.
On the Map
$16,410,000
$542/SF
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Players
Waterloo CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93