Montecito Medical Acquires Bedford Medical Office On L Don Dodson Road
2008 L Don Dodson Drive, Bedford, TX, USA
Building Size
25,000 SF
Asset Type
Office
Closing
Nov 8, 2021
About this deal
AI
Montecito Medical has acquired a medical office property located at 2008 L Don Dodson Road in Bedford. The property, spanning 25,000 square feet, was sold on 11/08/2021. The transaction was facilitated by Chip Conk & Bryan Brown.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not available
- Address: 2008 L Don Dodson Road
- Market: Bedford
- Buyer: Montecito Medical - Chip Conk & Bryan Brown
Chip Conk & Bryan Brown represented Montecito Medical in the purchase of the medical office property. Their expertise and negotiation skills helped secure a successful transaction.
Players
Bedford Office Market Snapshot
Boundary boundary · Office · 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