StoneGate Senior Living Sells Medical Facility In Houston
2930 Cypress Grove Meadows Drive, Houston, TX, USA
Building Size
3,484,800 SF
Asset Type
Other
Closing
Feb 15, 2021
About this deal
AI
A medical facility located at 2930 Cypress Grove Meadows Drive in Houston has been sold. The sale took place on 02/16/2021. The property, spanning 80 acres, was listed by StoneGate Senior Living. The transaction was facilitated by the broker John Taylor from Heavenrich & Co.
Summary of Transaction Details:
- Property Type: Medical Facility
- Transaction Amount: Not specified
- Address: 2930 Cypress Grove Meadows Drive
- Market: Houston
- Acres: 80
StoneGate Senior Living, the seller, enlisted the services of John Taylor from Heavenrich & Co. as their representative in this deal.
Houston Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas other sales on Traded.
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