Remedy Medical Partners & Kayne Anderson Acquire 161,264 SF Baylor Scott & White Frisco Medical Center
5601 Warren Parkway
Building Size
161,264 SF
Asset Type
Hospital
Closing
Oct 24, 2023
About this deal
AI
Baylor Scott & White Frisco Medical Center, a 161,264-square-foot surgical hospital in Dallas, has been acquired by Remedy Medical Partners and Kayne Anderson Real Estate. The facility, located at 5601 Warren Parkway in Frisco, is fully leased to Texas Health Ventures Group and offers a comprehensive range of medical services.
Summary of transation details
- Property Type: Hospital
- Transaction Amount: Not specified
- Size: 161,264 square feet
- Acreage: 7.4 acres
- Market: Frisco
- Buyer: Remedy Medical Partners - Peter Westmeyer
- Seller: Kayne Anderson Real Estate - Albert Rabil
The acquisition of Baylor Scott & White Frisco Medical Center was facilitated by Remedy Medical Partners, represented by Peter Westmeyer, and Kayne Anderson Real Estate, represented by Albert Rabil. This transaction demonstrates the commitment of both companies to the healthcare sector and their continued investment in medical facilities.
Players
Frisco Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93