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
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