CareTrust REIT Acquires Nursing Facilities Portfolio In Ohio For $52M
Ohio, United States
$52,000,000
Building Size
—
Asset Type
Other
Closing
Oct 3, 2022
About this deal
AI
The Nursing Facilities Portfolio in Ohio was recently sold for a total of $52,000,000. This medical facility consists of 700 beds, resulting in a price per bed (PPB) of $74,286. CareTrust REIT, represented by Dave Sedgwick, acted as the seller in this transaction.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Amount: $52,000,000
- Beds: 700
- Price per Bed (PPB): $74,286
Dave Sedgwick, serving as the representative of CareTrust REIT, played a crucial role in the sale of the Nursing Facilities Portfolio in Ohio.
Players
Marengo Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93