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Grapevine hospital sells for $23 millionGrapevine hospital sells for $23 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=81042013-02-27T12:20:00Z2013-02-27T00:00:00Z

GRAPEVINE - A subsidiary of Fla.-based Carter/Validus Mission Critical REIT has acquired the fee simple interest in the 60-bed, 61,400-sf long-term acute care hospital at 4201 William D. Tate Ave. The property is 100 percent leased to Ethicus Hospital-Grapevine LP.

The property was sold by MAC Grapevine LTACH LP for $23 million, according to SEC filings. The property’s base rent is currently $2,137,699.

The Grapevine hospital property was constructed on four acres in 2007.

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Medical
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