CareTrust REIT Acquires Nursing Facilities Portfolio In Ohio For $52M
SOLD
$52,000,000
Other
Sold 10/03/2022
SOLD
CareTrust REIT Acquires Nursing Facilities Portfolio In Ohio For $52M
Ohio, United States
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Sold 10/03/2022
Summary
OHIO
Asset Type:Other
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,773,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35
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