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5778 Darrow Road

Updated Dec 4, 2024

Cooper Group Facilitates $3M Sale Of Hudson Health Center In Akron
SOLDMedical Office

Cooper Group Facilitates $3M Sale Of Hudson Health Center In Akron

5778 Darrow Road

$3,000,000

$183/SF

Building Size

16,352 SF

Asset Type

Medical Office

Closing

Feb 16, 2024

About this deal

AI

The University Hospital’s Hudson Health Center, located at 5778 Darrow Road in Hudson, OH, was recently sold for $3,000,000. The medical office building, situated on 2.3 acres of land, spans a total of 16,352 square feet. The transaction was facilitated by Bob Havasi & Dan Cooper of the Cooper Group, with a price per square foot of $183.

Summary of transaction details:

Bob Havasi and Dan Cooper, representing the Cooper Group, played pivotal roles in the $3 million transaction of University Hospital’s Hudson Health Center. The property, which boasts 16,352 square feet on 2.3 acres of land, now stands as a prime medical office building in the Hudson area, marking a significant deal in the local real estate market.

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$3,000,000

$183/SF

Medical Office

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Players

Bob Havasi

Cooper Group

Broker

$29.6M

vol

6 deals

Broker

Hudson Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Deal FAQ

About $183 per square foot on a published $3M for 16,352 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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