Meridian Capital Group Completes Nursing Home Sale In Arlington For $4M
SOLD
$4,000,000
Nursing Home
Sold 12/10/2023
SOLD
Meridian Capital Group Completes Nursing Home Sale In Arlington For $4M
100 Powell Drive
See Similar DealsNursing Home
Sold 12/10/2023
Summary
OHIO
Asset Type:Nursing Home
Transaction Type:Sale
Located at 100 Powell Drive in Arlington, OH, this property transaction involved a Nursing Home. The sale price for this asset was $4,000,000.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $4,000,000
- Market: Arlington, OH
- Brokers: Michael Schoenbrun, David Schechtman, & Abie Kassin - Meridian Capital Group
Michael Schoenbrun and David Schechtman, alongside Abie Kassin from Meridian Capital Group, were the brokers facilitating this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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