Updated Oct 29, 2024
Washington State Acquires Cascade Behavioral Health Hospital In Tukwila For $29.9M
12844 Military Road South Tukwila, Washington 98168, USA
$29,900,000
Building Size
—
Asset Type
Hospital
Closing
Aug 11, 2023
About this deal
AI
Washington state officials have acquired the recently closed Cascade Behavioral Health psychiatric hospital in Tukwila for $29.9 million. The hospital, located at 12844 Military Rd S, was sold by Acadia Healthcare. This acquisition aims to bolster the state's struggling mental health system, reflecting the authorities' dedication to improving mental healthcare services in the region.
Summary of transaction details
- Property Type: Hospital
- Transaction Amount: $29,900,000
- Address: 12844 Military Rd S, Tukwila, WA
The sale of the Cascade Behavioral Health psychiatric hospital was completed by Acadia Healthcare, who acted as the seller. The acquisition by Washington state officials highlights their commitment to addressing the challenges facing the mental health system. This investment in the hospital's future is a significant step towards improving mental healthcare services in the region.
Players
Tukwila Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93