Evans Senior Investments Sells Senior Housing Asset In Grapevine For $25M
3735 Ira E Woods Avenue, Grapevine, Texas 76051, United States
$25,000,000
Units
84
Asset Type
—
Closing
Jan 13, 2023
About this deal
AI
Located at 3735 Ira E Woods in Grapevine, this senior housing property was recently sold in a closed transaction. The sale was facilitated by broker Hank Fuller of Evans Senior Investments. The property consists of 84 units, with each unit being sold at an average price of $297,619. The total sale price for the property was $25,000,000.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $25,000,000
- Units: 84
- Price per Unit: $297,619
- Address: 3735 Ira E Woods, Grapevine
- Market: Grapevine
- Broker: Hank Fuller - Evans Senior Investments
This successful transaction showcases the demand for senior housing in the Grapevine market. The involvement of Hank Fuller from Evans Senior Investments highlights the expertise and knowledge of the real estate professionals involved in the deal. The sale price of $25,000,000 reflects the value placed on this senior housing asset in the current market.
Players
Grapevine 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93