Medcraft buys former CommonSpirit medical office building for $31.2M

Medcraft Investment Partners has purchased  Sisters Grove Pavilion, a medical office building in Colorado Springs, Colo., according to an Oct. 10 report from CommercialSearch.com.

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The 108,204-square-foot facility sold for $31.2 million, with Medcraft taking out a $24.2 million acquisition loan from Alerus Financial for the purchase.

The property is a part of the St. Francis Hospital campus in Colorado Springs and was previously owned by CommonSpirit Health. 

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