Passco Companies, LLC Acquires Senior Housing In Knoxville, TN For $49.5M
1932 Falling Waters Road, Knoxville, Tennessee 37922, United States
$49,500,000
$303,681/SF
Building Size
163 SF
Asset Type
—
Closing
Apr 1, 2023
About this deal
AI
The senior housing property located at 1932 Falling Waters Road in Knoxville, TN has been sold in a transaction valued at $49,500,000. The property spans a total area of 163,000 square feet and was sold at a price of $304 per square foot.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $49,500,000
- Address: 1932 Falling Waters Road
- Market: Knoxville, TN
- Buyer: Passco Companies, LLC
- Seller: Prime West Knoxville
- Brokers: Richard Swartz, Jay Wagner, Dan Baker, Aaron Rosenzweig & Bailey Nygard - Cushman & Wakefield
- Square Footage: 163,000
- Price per Square Foot: $304
The transaction was facilitated by Richard Swartz, Jay Wagner, Dan Baker, Aaron Rosenzweig, and Bailey Nygard of Cushman & Wakefield, representing the buyer and seller in the deal.
Players
Knoxville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93