Updated Dec 4, 2024
Hines Global Income Trust Acquires Woodholme Medical Office Building For $34M
1838 Greene Tree Road
$34,000,000
Building Size
—
Asset Type
Medical Office
Closing
Nov 13, 2023
About this deal
AI
The Class A Woodholme medical office building located at 1838 Greene Tree Road in Pikesville, MD has been sold for $34 million. The buyer, Hines Global Income Trust, a real estate investment trust (REIT), acquired the property from the seller, Peter Angelos of HSRE-Capmed Woodholme.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $34,000,000
Hines Global Income Trust, represented by Jeffrey C. Hines, made the acquisition of the Woodholme medical office building. The deal marks a significant investment for the real estate investment trust within the Pikesville market.
Players
Pikesville Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93