Jack Hynes Acquires Medical Facility In Wareham, MA For $2.3M
50 Indian Neck Road, Wareham, Massachusetts 02571, United States
$2,300,000
$34/SF
Building Size
65,995 SF
Asset Type
Other
Closing
Sep 22, 2022
AI
A medical facility located at 50 Indian Neck Road in Wareham, MA has recently been sold for a total price of $2,300,000. The property covers an area of 6.7 acres and offers a spacious 65,995 square feet of space. The sale price per square foot is estimated to be $35. The transaction took place on September 23, 2022, and was documented by John Ciluzzi.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $2,300,000
- Address: 50 Indian Neck Road, Wareham, MA
- Market: Wareham, MA
- Acres: 6.7
- Square Footage: 65,995
- Price Per Square Foot: $35
The buyer, Jack Hynes, acquired the property from Welltower Inc. representing themselves. The deal was facilitated by John Ciluzzi from Premier Commercial. The transaction is a significant investment in the medical facility sector in Wareham, MA, indicating the continued growth and demand for such properties in the area.
Players
Wareham 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93