Updated Dec 4, 2024
Kings Row Medical Properties Acquires Medical Office In Bridgewater For $10.5M
1081 US Route 22
$10,500,000
$433/SF
Building Size
24,200 SF
Asset Type
Medical Office
Closing
Feb 8, 2024
About this deal
AI
Kings Row Medical Properties has acquired a medical office/surgery center in Bridgewater for $10.5 million. The property, located at 1081 US Route 22, spans 2.5 acres and offers a total area of 24,200 square feet. The transaction was facilitated by Erica Davidson of Lee & Associates.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $10,500,000
- Address: 1081 US Route 22
- Market: Bridgewater
- Area: 2.5 acres
The medical office/surgery center benefits from a strategic location, with strong demographics in the area. It houses prominent orthopedic and physical therapy practices, as well as state-of-the-art surgery centers, making it an appealing investment for Kings Row Medical Properties.
Gary Sopko, also from Lee & Associates, served as the mortgage broker for the transaction, ensuring a smooth financing process for the buyer. The acquisition of this medical office aligns with Kings Row Medical Properties' strategy to expand its portfolio in the healthcare sector.
On the Map
$10,500,000
$433/SF
Medical Office
View full map
Players
Bridgewater Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Gary Sopko to view all their deals.
Browse Bridgewater medical office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93