Hospit                          Hospital ranked third in the nation! $50 Million assumable mortgage. Governmental lease on the entire hospital. Annual interest on the mortgage is $1.7 Million. The $3 Million “net” income goes toward the principal balance of the loan. Thus, the 30% cash on cash return is only realized upon the sale of the property – or after the mortgage is paid off, in about 17 years.

Additionally, Seller offering 50% ownership interest for $5 Million, with 7%

guaranteed cash on cash return.

 

Property Type:                       Hospital

                                   Property Location:                South Florida

Asking Price:                          $60,000,000

Buyer to Pay

Commission of:                      3%

Current Vacancy:                  0%

Current NOI:                         $4,700,000

Current Cap Rate:                 7.83%

NOI w/ Assumable

Debt Service:                         $3,000,000

Cash outlay w/ Assumable

Mortgage of $50 Million:    $10,000,000

Cash On Cash:                      30.00%