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Forest Park Medical Center sells for $120MForest Park Medical Center sells for $120Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58172013-11-05T13:13:00Z2013-11-05T00:00:00Z

FRISCO - Sabra Heath Care REIT purchased the 137,000-sf Forest Park Medical Center for slightly less than $120 million, or about $874 per sf. The hospital is located at 11990 N. Central Expy.

With the purchase, Sabra assumed an existing long-term triple net lease with Forest Park Medical Center at Frisco LLC that will result in annual lease revenues of roughly $13.3 million and an initial yield on cash rent of 8.75 percent.

The seller was Neal Richards Group Brokerage.

Read more at CoStar Group.

CoStar Group
Dallas-Fort Worth-Arlington
Medical
http://www.costar.com/news/article/forest-park-medical-center-sells-for-$120m/153863Read more at {Source}

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