Meridian Capital Group Brokers Sell Sister Bay Nursing Home For $9M
10560 Applewood Road
$9,000,000
Building Size
—
Asset Type
Nursing Home
Closing
Jan 25, 2024
AI
A nursing home located at 10560 Applewood Road in Sister Bay, WI has been sold for $9,000,000. The property was transacted on January 25, 2024. The nursing home is situated in a market that offers a range of opportunities for healthcare services.
Summary of transaction details
- Property Type: Nursing Home
- Transaction Amount: $9,000,000
- Address: 10560 Applewood Road, Sister Bay, WI
- Market: Sister Bay, WI
The sale was facilitated by brokers Michael Schoenbrun, David Schechtman, and Abie Kassin from the Meridian Capital Group. These brokers played a pivotal role in closing the deal and ensuring a successful transaction.
Players
Sister Bay Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93