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1020 North 14th Street

Ben Meshel & Jeff Meshel Acquire Medical Office In Beaumont For $4.35M From Seller Kenneth Carter
SOLDHospital

Ben Meshel & Jeff Meshel Acquire Medical Office In Beaumont For $4.35M From Seller Kenneth Carter

1020 North 14th Street

$4,350,000

$287/SF

Building Size

15,130 SF

Asset Type

Hospital

Closing

Jul 27, 2025

AI

The property involved in this transaction is a medical office located at 1020 North 14th Street in Beaumont. The asset encompasses a total area of 15,130 square feet and was sold for $4,350,000, resulting in a price per square foot of $287.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $4,350,000
  • Address: 1020 North 14th Street
  • Market: Beaumont
  • Square Footage: 15,130
  • Price Per Square Foot: $287
  • Buyer: Ben Meshel & Jeff Meshel
  • Seller: Kenneth Carter
  • Seller's Representative: Jonathan Peranich - Peranich Huffman Net Lease Group

The transaction was orchestrated with Ben Meshel and Jeff Meshel as the buyers, securing the medical office from seller Kenneth Carter. Jonathan Peranich represented the seller in this transaction through Peranich Huffman Net Lease Group.

Players

Jonathan Peranich

Peranich Huffman Net Lease Group

Broker

$22M

vol

4 deals

Broker
Peranich Huffman Net Lease Group
Peranich Huffman Net Lease GroupBrokerage
Ben Meshel

Ben Meshel

Buyer

$185.2M

vol

15 deals

Buyer

Beaumont Hospital Market Snapshot

Boundary boundary · Hospital · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93