White Oak Healthcare Finance Acquires Senior Living Property In Boynton Beach For $56M
4733 7th Court Research Road, Greenbelt, MD, USA
$56,000,000
$238/SF
Building Size
235,172 SF
Asset Type
Other
Closing
Dec 29, 2019
AI
An assisted living senior facility in Boynton Beach has been sold for the price of $56 million. The property, located at 4733 and 4735 Northwest Seventh Court, consists of 317 units and was acquired by WOJV Boynton Beach LLC and White Oak Healthcare Finance. The buyers were represented by Michael Treiber.
Summary of transaction details
- Property Type: Senior Living
- Transaction Amount: $56,000,000
- Address: 4733 and 4735 Northwest Seventh Court, Boynton Beach
- Market: Boynton Beach
The sale was facilitated by Healthpeak Properties, with Tom Herzog acting as the seller's representative. The transaction represents a significant investment in the growing senior living market in Boynton Beach. The property offers 317 units and was sold at a rate of approximately $177,000 per unit.
Greenbelt Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93