Remedy Medical Properties & Kanye Anderson Real Estate Acquire Medical Office Portfolio In Florida, Texas, North Carolina & Tennessee For $91M
Texas, United States
$91,000,000
$514/SF
Building Size
177,000 SF
Asset Type
Medical Office
Closing
Apr 8, 2022
AI
The sale of a medical office portfolio has taken place in Florida, Texas, North Carolina, and Tennessee. The portfolio, totaling 177,000 square feet, was sold by Spruce Healthcare. The buyers of the portfolio were Remedy Medical Properties and Kanye Anderson Real Estate. The transaction was facilitated by CBRE brokers Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Cole Reethof, Sabrina Solomiany, and Zach Holderman.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $91,000,000
- Date: 04/08/2022
- Address: Medical Office Portfolio
- Market: Florida, Texas, North Carolina, and Tennessee
The sale price of the portfolio was $91,000,000. This transaction involved key individuals, including Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Cole Reethof, Sabrina Solomiany, and Zach Holderman from CBRE. The buyers, Remedy Medical Properties and Kanye Anderson Real Estate, successfully acquired the portfolio from Spruce Healthcare.
Players
Blanket Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93