LFI Real Estate Acquires Medical Facility In DeSoto From Madison Marquette
109 Methodist Way, Desoto, Texas 75115, United States
Building Size
54,140 SF
Asset Type
Other
Closing
Jul 12, 2022
About this deal
AI
A medical facility located at 109 Methodist Way in DeSoto has been sold. The transaction took place on July 13, 2022. The facility consists of 66 units and has a total of 100 beds. The property was sold by Madison Marquette.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: Not specified
- Market: DeSoto
- Units: 66
- Beds: 100
LFI Real Estate, represented by Michael Rose, acquired the medical facility. The deal was facilitated by brokers Charles Bissell and Evan Kovac from JLL.
On the Map
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Desoto Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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