Kingsbarn Realty Capital Sells Fresenius Medical Care Portfolio For $56.5M
Texas, United States
$56,500,000
$601/SF
Building Size
94,000 SF
Asset Type
Other
Closing
Mar 3, 2022
About this deal
AI
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
- Property Type: Medical Facility
- Transaction Amount: $56,500,000
- Address: Fresenius Medical Care Portfolio
- Market: Virginia, New York, Ohio, Texas, Georgia & Missouri
- Seller: Kingsbarn Realty Capital
- Brokers: Matthew Mousavi, Patrick Luther & Stephen Sullivan - SRS Real Estate Partners
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.
On the Map
$56,500,000
$601/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93