Updated Oct 28, 2024
Prism Vision Group Acquires Medical Facility In Freehold For $8.2M
500 West Main Street, Freehold, New Jersey 07728, United States
$8,200,000
$325/SF
Building Size
25,164 SF
Asset Type
Other
Closing
Jun 8, 2022
About this deal
AI
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.
On the Map
$8,200,000
$325/SF
Other
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Players
Freehold Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93