SOLDOther
Capital Crossing Sells Health Care Facility In Brownsville To Buyer CBRE
4750 North Expy, Brownsville, TX, USA
Building Size
79,396 SF
Asset Type
Other
Closing
Jul 8, 2020
AI
The health care property located at 4750 North Expressway in Brownsville has been sold in a recent transaction. The property, originally built as a one-story hospital in 2001, was expanded in 2008 with the addition of two stories and an additional freestanding building to serve as the wound center.
Summary of transation details
- Property Type: Health Care
- Transaction Amount: N/A
- Date: 07/09/2020
- Address: 4750 North Expressway, Brownsville
- Market: Brownsville
- Asset Type: Health Care
- Square Footage: 79,396 SF
- Seller: Capital Crossing
The transaction was facilitated by Scott Herbold from the CBRE agency, who represented the seller in the deal.
Players
Brownsville 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