Updated Dec 19, 2023
ICADE Santé Acquires Medical Facility Portfolio In Porto, Lisboa, Albufeira & Lagos, Portugal For €213M
Avenida Da Boavista 171, 4050 115 Porto, Porto, Portugal
$213,000,000
Building Size
—
Asset Type
Other
Closing
Dec 23, 2021
About this deal
AI
An extensive property transaction has taken place in Porto, Lisboa, Albufeira, and Lagos, Portugal, involving a medical facility. The transaction occurred on 23/12/2021 and was documented by Olivier Wigniolle. The medical facility is located at Av. da Boavista 171, 4050-115 Porto; R. Abílio Mendes 12, 1500-458 Lisboa; R. da Correeira, 8200-112 Albufeira; and Av. Dom Sebastião, 8600-502 Lagos.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: €213,000,000
- Purchaser: ICADE SANTÉ
ICADE SANTÉ, represented by their broker representative, successfully acquired the medical facility in Portugal. The transaction amount for this purchase was €213,000,000.
Players
Market Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93