Montecito Medical Acquires Medical Office In Arlington On Matlock Road
2400 Matlock Road, Arlington, TX 76015, USA
Building Size
16,000 SF
Asset Type
Office
Closing
Sep 30, 2021
About this deal
AI
Montecito Medical has completed the purchase of a medical office property in Arlington. The property, located at 2400 Matlock Road, offers approximately 16,000 square feet of space. The transaction closed on September 30, 2021.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Market: Arlington
- Address: 2400 Matlock Road
- Buyer: Montecito Medical
- Seller: Not disclosed
- Representatives: Chip Conk & Rus Gudnyy
Chip Conk and Rus Gudnyy, representing Montecito Medical, were involved in the acquisition of this medical office property. No further details about the transaction, such as the sale price, were disclosed.
Players
Arlington 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