Updated Dec 4, 2024
Meridian Capital Group Completes Nursing Home Sale In Arlington For $4M
100 Powell Drive
$4,000,000
Building Size
—
Asset Type
Nursing Home
Closing
Dec 10, 2023
About this deal
AI
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.
The nursing home sale at 100 Powell Drive in Arlington, Ohio sold for $4M in 2023. 100 Powell Drive is classified as Nursing Home on Traded. David Schechtman, Abie Kassin, Michael Schoenbrun, Meridian Capital Group appear on the sale alongside Meridian Capital Group. This page is the Arlington, Ohio file for the 100 Powell Drive nursing home sold: pricing, party profiles, and other closed nursing home comps from the same Arlington sit in the Market section below. Filter that Arlington nursing home set by closing date to see what else sold near 100 Powell Drive around 2023. Published consideration for 100 Powell Drive is $4M, dated 2023. Cite this Meridian Capital Group Completes Nursing Home Sale In Arlington For $4M sale when underwriting similar nursing home product around Arlington, Ohio.
Players
Arlington Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93