Updated Dec 4, 2024
Touchstone Communities Acquires Nursing Homes In Copperas Cove, Harker Heights & Killeen For $25.83M
810 Industrial Avenue, 415 Indian Oaks Drive & 5700 East Central Texas Expressway
$25,831,000
$47/SF
Building Size
182,713 SF
Asset Type
Nursing Home
Closing
May 1, 2024
About this deal
AI
The sale involved a Nursing Home asset located at 810 Industrial Avenue, 415 Indian Oaks Drive, & 5700 East Central Texas Expressway in Copperas Cove, Harker Heights, & Killeen respectively. The property was sold for $25,831,000 and spans a total area of 182,713 square feet, resulting in a price per square foot of $141. The transaction was facilitated between the buyer, Touchstone Communities, and the seller, House Family. The correspondent for this deal was Dean Ofer from Harborview Capital Partners.
Summary of transation details:
- Property Type: Nursing Home
- Transaction Amount: $25,831,000
- Address: 810 Industrial Avenue, 415 Indian Oaks Drive, & 5700 East Central Texas Expressway
- Market: Copperas Cove, Harker Heights, & Killeen
- Buyer: Touchstone Communities
- Seller: House Family
- Correspondent: Dean Ofer - Harborview Capital Partners
The purchase also includes the assumption of long-term fixed-rate financing. For any debt or off-market advisory needs related to this off-market sale, interested parties can contact Dean Ofer directly at [email protected] or 646-733-8520.
On the Map
$25,831,000
$47/SF
Nursing Home
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Copperas Cove Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Deal FAQ
About $47 per square foot on a published $25.8M for 548,139 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93