Inspired Healthcare Capital Acquires Senior Housing In Hamilton For $97.5M
2560 Kuser Road, Trenton, New Jersey 08619, United States
$97,500,000
$443/SF
Building Size
220,000 SF
Asset Type
—
Closing
Jun 23, 2022
AI
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.
Players
Trenton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93