Inspired Healthcare Capital Acquires Senior Housing In Hamilton For $97.5M
SOLD
$97,500,000
+ 1
New Jersey
See Similar Deals220,000 SF
Sold 06/24/2022
SOLD
Inspired Healthcare Capital Acquires Senior Housing In Hamilton For $97.5M
2560 Kuser Road, Trenton, New Jersey 08619, United States
See Similar Deals220,000 SF
Sold 06/24/2022
+ 1
Summary
NEW JERSEY
Price Per Square Foot:$443
Total Square Footage:220,000 SF
Transaction Type:Sale
The senior housing property located at 2560 Kuser Road in Hamilton has been sold in a transaction that took place on June 24, 2022. The property covers an area of 20 acres and is situated in the Hamilton market.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $97,500,000
- Units: 195
- Price per Unit: $500,000
- Square Footage: 220,000
- Price per Square Foot: $443
- Address: 2560 Kuser Road
- Market: Hamilton
The buyer of the senior housing property is Inspired Healthcare Capital, while the seller is Pike Senior Housing Partners. The transaction was facilitated by the brokerage firm Cushman & Wakefield, with Richard Swartz, Jay Wagner, Jim Dooley, and Jack Griffin serving as the brokers representing both parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,200,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$346,396.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$462,199.74
Annual Debt Service$5,546,396.91
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