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Yitzchok Rokowsky Of Tryko Partners Acquires Nursing Home In Wilmington For $12.34M
SOLD
$12,339,800
Massachusetts
See Similar DealsNursing Home58,000 SF
Sold 11/05/2024
SOLD
Yitzchok Rokowsky Of Tryko Partners Acquires Nursing Home In Wilmington For $12.34M
90 West Street
See Similar DealsNursing Home58,000 SF
Sold 11/05/2024
Summary
MASSACHUSETTS
Asset Type:Nursing Home
Price Per Square Foot:$212
Total Square Footage:58,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a nursing home located at 90 West Street in Wilmington, MA. The sale price is $12,339,800 for an assisted living facility that encompasses 58,000 square feet situated on a total of 15.64 acres of land.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $12,339,800
- Address: 90 West Street
- Market: Wilmington, MA
- Asset Size: 58,000 SF
- Price Per Square Foot: $213
- Acres: 15.64
- Buyer: Yitzchok Rokowsky - Tryko Partners
Tryko Partners, a company based in New Jersey, has acquired the nursing home, expanding its portfolio in assisted living facilities. The transaction highlights the company's continued investment strategy in the healthcare real estate sector.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$658,122.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,840.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,496.95
Annual Debt Service$701,963.37
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