Meridian Capital Group Brokers Sell Sister Bay Nursing Home For $9M
SOLD
$9,000,000
Wisconsin
See Similar DealsNursing Home
Sold 01/25/2024
SOLD
Meridian Capital Group Brokers Sell Sister Bay Nursing Home For $9M
10560 Applewood Road
See Similar DealsNursing Home
Sold 01/25/2024
Summary
WISCONSIN
Asset Type:Nursing Home
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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