Capital One Healthcare Provides $190M Acquisition Loan For Big Sky Medical Real Estate In Dallas, College Station, Houston, And Richardson
9201 North Central Expressway, Dallas, Texas 75225, United States
$190,000,000
$221,703/SF
Building Size
857 SF
Asset Type
—
Closing
Jan 11, 2023
About this deal
AI
The recently closed property transaction involves a medical office asset spanning across 857,779 square feet. The property is located at 9201 N Central Expy, 9101 N Central Expy, 2501 Earl Rudder Fwy S, 7515 S. Main St, 212 Adriance Lab Rd, and 610 N Coit Rd in Dallas, College Station, Houston, and Richardson markets, respectively.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $190,000,000
- Lender: Capital One Healthcare
- Landlord: Big Sky Medical Real Estate - Jason L. Signor
- Broker: JLL
- Loan Type: Acquisition Loan
- Loan Terms: five-year, floating-rate loan
The lender for this transaction is Capital One Healthcare, while Big Sky Medical Real Estate, represented by Jason L. Signor, serves as the landlord. JLL acts as the broker in this deal. The loan obtained for this acquisition amounts to $190,000,000, with a five-year, floating-rate loan term.
On the Map
$190,000,000
$221,703/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93