Updated Dec 4, 2024
Horizon Equities Acquires Jackson Health Village Medical Office Building For $24M
27 South Cooks Bridge Road
$24,000,000
$160/SF
Building Size
150,000 SF
Asset Type
Medical Office
Closing
Jan 4, 2024
About this deal
AI
Horizon Equities has acquired the 150,000-square-foot Jackson Health Village medical office building in Ocean County for $24 million. The three-story facility, located at 27 South Cooks Bridge Road in Jackson, sits on 11 acres of land. With a 64% occupancy rate, the medical office building strengthens Horizon's healthcare portfolio in the region and complements their existing holdings in Ocean County.
Summary of Transaction Details:
- Property Type: Medical Office
- Transaction Amount: $24,000,000
- Address: 27 South Cooks Bridge Road, Jackson
- Market: Jackson
- Acres: 11
The buyer, Joe Kotler from Horizon Equities, led the acquisition of the Jackson Health Village medical office building. The deal was facilitated by brokers from JLL, including Daniel Loughlin, Jeremy Neuer, Jose Cruz, Matt Loughlin, and Tom Stanton.
On the Map
$24,000,000
$160/SF
Medical Office
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Players
Jackson Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93