HACO Health Solutions Acquires 120-Bed Medical Facility In Rockwall For $14.2M
1870 South John King Boulevard, Rockwall, Texas 75032, United States
$14,200,000
Building Size
—
Asset Type
Other
Closing
May 14, 2022
About this deal
AI
An acquisition loan has been secured for the medical facility located at 1870 John King Blvd in Rockwall. The property, owned by HACO Health Solutions, is a medical facility with 120 beds. The loan amount for this transaction is $14,200,000.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $14,200,000
- Address: 1870 John King Blvd
- Market: Rockwall
- Landlord: HACO Health Solutions - Gracen Hawley
- Asset Type: Medical Facility
- Beds: 120
The acquisition loan obtained for this medical facility purchase provides financing for HACO Health Solutions. Gracen Hawley served as the representative for HACO Health Solutions in this deal.
Rockwall Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93