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2560 Kuser Road, Trenton, N...

Inspired Healthcare Capital Acquires Senior Housing In Hamilton For $97.5M
SOLD

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

Jay Wagner

JLL

Broker

$1.5B

vol

13 deals

Broker
IC
Inspired Healthcare CapitalBuyer

Trenton CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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