Big Sky Medical Real Estate Acquires Medical Office Portfolio In Texas, Wisconsin, New Jersey, Pennsylvania, Michigan & Florida For $251.4M
$251,400,000
Building Size
—
Asset Type
Medical Office
Closing
Jul 4, 2022
AI
The Medical Office Portfolio has been sold in a transaction for $251,400,000. The portfolio includes properties located in Texas, Wisconsin, New Jersey, Pennsylvania, Michigan, and Florida. The asset type of these properties is Medical Office.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $251,400,000
- Date: 07/04/2022
- Buyer: Big Sky Medical Real Estate - Jason Signor & Joe Dominguez
- Brokers: JLL
- Lender: BMO Harris Bank
The buyer of the Medical Office Portfolio is Big Sky Medical Real Estate, represented by Jason Signor & Joe Dominguez. The brokers involved in the deal are JLL. The lender for the transaction is BMO Harris Bank.
Players
Market Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93