Big Sky Medical And GFH Secure $200M Loan For Medical Office Portfolio In United States
Texas, United States
$200,000,000
$280/SF
Building Size
714,000 SF
Asset Type
—
Closing
Jul 28, 2022
About this deal
AI
The Medical Office Portfolio, with a total area of 714,000 square feet, located in the United States, has been involved in a closed transaction. The property is a Medical Office asset.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $200,000,000
- Address: Not mentioned
- Market: United States
The deal was facilitated by the brokers John Nero, Ben Appel, Jay Miele, Michael Greeley, Alex Foshay, and Joseph Morris from Newmark. They represented both the Medical Office's landlord, Big Sky Medical, represented by Jason L. Signor, and GFH, represented by Nael Mustafa.
On the Map
$200,000,000
$280/SF
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Players
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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