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
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