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113 Central Avenue

RD Advisors Acquires Nursing Home In Hyde Park For $800K
SOLDNursing Home

RD Advisors Acquires Nursing Home In Hyde Park For $800K

113 Central Avenue

$800,000

$57/SF

Building Size

14,012 SF

Asset Type

Nursing Home

Closing

Oct 31, 2023

AI

A nursing home located at 113 Central Ave in Hyde Park, MA has been sold for a price of $800,000. The property spans 14,012 square feet, resulting in a price per square foot (PPSF) of $57. The sale took place on October 31, 2023, with RD Advisors represented by Sean Kelly-Rand & Colin Kelly-Rand acting as the buyers, while the seller was a REIT.

Summary of transaction details

  • Property Type: Nursing Home
  • Transaction Amount: $800,000
  • Address: 113 Central Ave, Hyde Park, MA
  • Market: Hyde Park, MA
  • Buyer: RD Advisors - Sean Kelly-Rand & Colin Kelly-Rand
  • Seller: REIT
  • Square Footage: 14,012
  • Price per Square Foot (PPSF): $57

Colin Kelly-Rand and Sean Kelly-Rand from RD Advisors played a pivotal role as the buyers' representatives in this transaction.

Players

Sean Kelly-Rand

RD Advisors

Buyer

$114.3M

vol

86 deals

Buyer
R
REITSeller

Hyde Park Nursing Home Market Snapshot

Boundary boundary · Nursing Home · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

19.83%

Cash-on-Cash

-5.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93