Sendero Capital & TPG Angelo Gordon Purchase Medical Office In Warwick For $8.1M
227 Centerville Road
$8,100,000
$270/SF
Building Size
30,000 SF
Asset Type
Medical Office
Closing
Apr 12, 2024
AI
Located at 227 Centerville Road in Warwick, RI, the asset involved in this transaction is a 30,000 square foot medical office building. The sale price for this property was $8,100,000, resulting in a price per square foot of $270.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $8,100,000
- Address: 227 Centerville Road
- Market: Warwick, RI
- Buyer: Sendero Capital & TPG Angelo Gordon
- Brokers: Anthony Sardo, Landon Weaver & Mindy Berman - JLL
Sendero Capital and TPG Angelo Gordon were the buyers of this medical office building, with JLL Capital Markets representing them in the $8.1 million transaction. The brokers involved in this deal were Anthony Sardo, Landon Weaver, and Mindy Berman from JLL.
Players
Warwick Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93