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227 Centerville Road

Sendero Capital & TPG Angelo Gordon Purchase Medical Office In Warwick For $8.1M
SOLDMedical Office

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:

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

Mindy Berman

CBRE

Broker

$875.4M

vol

11 deals

Broker

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