Ben Barr's Woodside Health Acquires 43,057 SF Henderson Office Buildings For $9.4M
SOLD
$9,400,000
Nevada
See Similar DealsOffice86,114 SF
Sold 02/15/2024
SOLD
Ben Barr's Woodside Health Acquires 43,057 SF Henderson Office Buildings For $9.4M
866 Seven Hills Drive & 870 Seven Hills Drive
See Similar DealsOffice86,114 SF
Sold 02/15/2024
Summary
NEVADA
Asset Type:Office
Price Per Square Foot:$109
Total Square Footage:86,114 SF
Transaction Type:Sale
Two medical office buildings located at 866 & 870 Seven Hills Drive in Henderson, NV were recently sold in an off-market transaction. The asset, totaling 43,057 square feet, was acquired for $9,400,000, equating to a price per square foot of $218.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,400,000
- Buyer: Ben Barr - Woodside Health
- Seller: Kurt Butten
- Buyer's Rep: Nico Atherton & Shanna Naim - ENS Realty
- Market: Henderson, NV
- Address: 866 & 870 Seven Hills Drive
Shanna Naim and Nico Atherton, acting as Buyer's Representatives for ENS Realty, facilitated the acquisition of the medical office buildings on behalf of the buyer. For more information on similar off-market commercial opportunities nationwide, inquiries can be directed to [email protected] and [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$501,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55
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