Abilene MOB trades in group of five
ABILENE - Griffin-American Healthcare REIT II acquired five medical office buildings for an aggregate purchase price of approximately $47 million. The acquired buildings are located in Greeley, Colorado; Ruston, Louisiana; and Abilene.
The Abilene building is a single-story, 71,000-sf facility master leased to the Abilene Diagnostic Clinic, the city’s largest multispecialty physician group.
The tenant leases the building subject to 15-year absolute net leases, which feature a remaining term in excess of ten years and annual rent escalations.
The building is located on the campus of the 231-bed Abilene Regional Medical Center. The medical center is owned by Community Health Systems, one of the nation’s largest operators of general acute care hospitals.
In This Article
You might also like
Publications
Receive our economic and housing reports and newsletters for free.