Medical office with ASC sells for $15.9M — 3 insights

New York City-based Global Medical REIT purchased a medical office building housing the Germantown, Tenn.-based Wolf River Surgery Center for $15.9 million, Memphis Daily News reports.

Here's what you should know:

1. A county assessor listed the value of the property at $7.2 million.

2. Global Medical took out an $8.9 million mortgage to finance the property.

3. Global Medical previously purchased one of Germantown, Tenn.-based Gastro One's properties in December 2015.

More articles on transactions/valuations:
Carle ASC secures $19.2 M building permit
KKR to finance Covenant Surgical Partners acquisition through $195M loan & more: 4 ASC company notes
Stock market week-in-review for 4 large ASC chains — Sept. 5-8

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