JLL Brokers Sell Southfield Senior Care Facility For $17M
24111 Civic Center Drive, Southfield, MI, USA
$17,000,000
$55/SF
Building Size
304,484 SF
Asset Type
Single Family Residence
Closing
Apr 13, 2021
AI
A senior care facility located at 24111 Civic Center Dr in Southfield, MI, has been sold for a price of $17,000,000. The property consists of 298 units, with a price per unit of $57,047.
Summary of transaction details:
- Property Type: Senior Care Facility
- Transaction Amount: $17,000,000
- Address: 24111 Civic Center Dr, Southfield, MI
- Market: Southfield, MI
The sale of the senior care facility was facilitated by the brokers David Gaines, Joel Mendes, and Dave Macdonald from JLL.
Players
Southfield Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93