Updated Dec 4, 2024
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
About this deal
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