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50 Indian Neck Road, Wareha...

Jack Hynes Acquires Medical Facility In Wareham, MA For $2.3M
SOLDOther

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

John Ciluzzi

Premier Commercial

Broker

$11.7M

vol

5 deals

Broker
WI
Welltower IncSeller

Wareham Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

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