RD Advisors Acquires Nursing Home In Hyde Park For $800K
SOLD
$800,000
Massachusetts
See Similar DealsNursing Home14,012 SF
Sold 10/31/2023
SOLD
RD Advisors Acquires Nursing Home In Hyde Park For $800K
113 Central Avenue
See Similar DealsNursing Home14,012 SF
Sold 10/31/2023
Summary
MASSACHUSETTS
Asset Type:Nursing Home
Price Per Square Foot:$57
Total Square Footage:14,012 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$42,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,842.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,792.41
Annual Debt Service$45,508.90
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