Here are the key details to know:
1. The seller was Midwest Eyecare Center. Avison Young negotiated the sale.
2. The 21,000-square-foot, two-story facility offers ophthalmic surgical procedures.
3. Avison Young Principal Mike Wilson told REJournals, “This transaction shows the continued strength of the medical office sector, which is drawing investors due to its stability and growth potential. This property is a long-term critical asset with a surgery center on site, which is a very sticky tenant for the landlord.”
More articles on transactions and valuation:
American Physician Partners acquires Houston emergency medicine group — 3 insights
DaVita affiliate acquires Coastal Physicians Medical Group — 4 insights
Tenet, Cigna extend contract after months of disputes — 10 ASC company key notes
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