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Kingsbarn Realty Capital Sells Fresenius Medical Care Portfolio For $56.5M

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SOLD
$56,500,000

Texas

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Other94,000 SF
Sold 03/03/2022
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Property Image
SOLD

Kingsbarn Realty Capital Sells Fresenius Medical Care Portfolio For $56.5M

Texas, United States

See Similar Deals
Other94,000 SF
Sold 03/03/2022
Contact now

Summary

TEXAS
Asset Type:Other
Price Per Square Foot:$601
Total Square Footage:94,000 SF
Transaction Type:Sale

A portfolio of medical facilities known as the Fresenius Medical Care Portfolio has been sold for a total of $56,500,000. The portfolio consists of properties located in Virginia, New York, Ohio, Texas, Georgia, and Missouri. The total square footage of the medical facilities is 94,000, resulting in a price per square foot of $601. The seller of the portfolio is Kingsbarn Realty Capital.

Summary of Transaction Details

The deal was facilitated by Matthew Mousavi, Patrick Luther, and Stephen Sullivan from SRS Real Estate Partners, who represented the seller in the transaction. The sale of the Fresenius Medical Care Portfolio marks a significant transaction in the medical facility market, showcasing the expertise and capabilities of the involved parties.

Players

Patrick Luther
61 deals$938.1M volume
BROKER

Matthew Mousavi
SRS Real Estate Partners
74 deals$1.1B volume
BROKER

Stephen Sullivan
SRS Real Estate Partners
2 deals$67.1M volume
BROKER

SELLER

Details

SOLD
IMAGE: Matthew Mousavi, Patrick Luther & Stephen Sullivan DATE: 03/03/2022 ADDRESS: Fresenius Medical Care Portfolio MARKET: Virginia, New York, Ohio, Texas, Georgia & Missouri ASSET TYPE: Medical Facility SELLER: Kingsbarn Realty Capital BROKERS: Matthew Mousavi, Patrick Luther & Stephen Sullivan - SRS Real Estate Partners SALE PRICE: $56,500,000 SF: 94,000 ~ PPSF: $601

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,013,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$200,732.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$267,838.82
Annual Debt Service$3,214,065.90