Prism Vision Group Acquires Medical Facility In Freehold For $8.2M
SOLD
$8,200,000
New Jersey
See Similar DealsOther25,164 SF
Sold 06/09/2022
SOLD
Prism Vision Group Acquires Medical Facility In Freehold For $8.2M
500 West Main Street, Freehold, New Jersey 07728, United States
See Similar DealsOther25,164 SF
Sold 06/09/2022
Summary
NEW JERSEY
Asset Type:Other
Price Per Square Foot:$325
Total Square Footage:25,164 SF
Transaction Type:Sale
A medical facility located at 500 W Main Street in Freehold has been sold for $8,200,000. The property spans over 25,164 square feet and has 284 beds. This translates to a price per bed of $28,873 and a price per square foot of $326.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $8,200,000
- Address: 500 W Main Street, Freehold
- Market: Freehold
The buyer of the property is Prism Vision Group. The sale was facilitated by Scott Niedergang from Physician Real Estate Capital Advisors and JDS Real Estate Services Inc. acted as the buyer's representative in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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