Updated Dec 4, 2024
HCD Property Group Sells Fully Occupied Medical Office Complex In Kerrville
708 Hill Country Drive
Building Size
15,547 SF
Asset Type
Medical Office
Closing
Jan 11, 2024
About this deal
AI
A fully occupied medical office complex covering 15,547 sq ft in Kerrville has been sold by HCD Property Group. The four-building property was acquired by an undisclosed family trust in a transaction facilitated by Transwestern Real Estate Services (TRS) and Kuyrkendall & Co. Inc. The sale was completed on 01/11/2024.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Address: 708 Hill Country Drive, Kerrville
- Market: Kerrville
- Square Footage: 15,547 sq ft
Representing the seller, HCD Property Group, Kelly Ralston and Russell Noll from Transwestern facilitated the sale. Donald Kuyrkendall from Kuyrkendall & Co. Inc. represented the undisclosed family trust as their buyer's representative.
Players
Kerrville Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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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