Updated Oct 28, 2024
Medical Properties Trust Inc. Acquires Medical Facility Portfolio In Fargo, Clarksville, And El Paso For $86.8M
4671 South 38th Street, Red Bud Area, Abilene, TX, USA
$86,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 27, 2020
About this deal
AI
A medical facility located at 4671 38th St S in Fargo, ND, 2101 Broadway St in Clarksville, IN, and 1600 E Cliff Dr in El Paso, TX was recently sold for a total price of $86,800,000. The sale took place on 07/27/2021.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Amount: $86,800,000
- Seller: Hicks Ventures - Patrick Hicks
- Buyer: Medical Properties Trust Inc. - Edward K. Aldag Jr
- Broker: Hammond Hanlon Camp
The seller of the medical facility was Hicks Ventures, represented by Patrick Hicks. The buyer was Medical Properties Trust Inc., represented by Edward K. Aldag Jr. The transaction was facilitated by Hammond Hanlon Camp.
On the Map
$86,800,000
MultiFamily
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Abilene MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93